JBTMarel Corp (JBTM)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,863,300 | 1,100,200 | 926,500 | 718,700 | 616,100 |
| Total current liabilities | US$ in thousands | 535,500 | 484,400 | 624,000 | 549,900 | 457,500 |
| Current ratio | 3.48 | 2.27 | 1.48 | 1.31 | 1.35 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,863,300K ÷ $535,500K
= 3.48
The current ratio of JBTMarel Corp demonstrates a consistent upward trend over the analyzed period from December 31, 2020, to December 31, 2024. Specifically, the ratio increased from 1.35 in 2020 to 1.31 in 2021, indicating a slight decline in liquidity during that period. Subsequently, the ratio improved to 1.48 in 2022, reflecting a strengthening of the company's short-term liquidity position. The upward trajectory continues with a substantial increase to 2.27 in 2023, and further escalates to 3.48 in 2024, suggesting that the company's ability to cover its current liabilities with current assets has significantly improved over these years. This consistent rise in the current ratio indicates a favorable liquidity position, with the company maintaining an increasingly comfortable buffer of current assets relative to current liabilities.
Peer comparison
Dec 31, 2024