John Bean Technologies Corporation (JBT)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,100,200 | 1,091,600 | 886,800 | 866,200 | 926,500 | 874,400 | 806,900 | 777,100 | 718,700 | 664,400 | 778,100 | 597,400 | 616,100 | 634,500 | 640,200 | 703,000 | 708,200 | 725,100 | 715,400 | 626,800 |
| Total current liabilities | US$ in thousands | 484,400 | 584,300 | 610,000 | 618,300 | 624,000 | 619,200 | 606,700 | 595,900 | 549,900 | 502,800 | 478,900 | 469,400 | 457,500 | 434,600 | 412,300 | 412,100 | 474,500 | 472,800 | 484,000 | 453,500 |
| Current ratio | 2.27 | 1.87 | 1.45 | 1.40 | 1.48 | 1.41 | 1.33 | 1.30 | 1.31 | 1.32 | 1.62 | 1.27 | 1.35 | 1.46 | 1.55 | 1.71 | 1.49 | 1.53 | 1.48 | 1.38 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,100,200K ÷ $484,400K
= 2.27
The current ratio of John Bean Technologies Corp has displayed variability over the past eight quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
In Q4 2023, the current ratio stood at 2.27, indicating a significant increase compared to the previous quarters. This suggests that the company had a strong ability to meet its short-term obligations with its current assets.
Looking back at the trend, the company's current ratio fluctuated between 1.30 and 1.87 from Q1 2022 to Q3 2023. This indicates some variation in the company's liquidity position during this period.
Despite the fluctuations, the current ratio generally remained above 1, indicating that John Bean Technologies Corp typically had more than enough current assets to cover its current liabilities. However, investors and creditors may want to monitor the company's current ratio closely to ensure its continued ability to meet short-term obligations.
Peer comparison
Dec 31, 2023