Kadant Inc (KAI)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 442,326 | 469,550 | 455,332 | 454,749 | 440,182 | 436,122 | 435,643 | 450,106 | 415,410 | 400,993 | 393,992 | 392,276 | 383,882 | 376,028 | 405,496 | 309,754 | 289,820 | 283,541 | 287,651 | 287,681 |
| Total current liabilities | US$ in thousands | 191,565 | 205,227 | 201,978 | 222,051 | 214,409 | 213,564 | 213,218 | 225,847 | 213,461 | 213,000 | 212,971 | 217,580 | 221,497 | 198,659 | 161,180 | 146,594 | 134,688 | 127,862 | 148,386 | 129,899 |
| Current ratio | 2.31 | 2.29 | 2.25 | 2.05 | 2.05 | 2.04 | 2.04 | 1.99 | 1.95 | 1.88 | 1.85 | 1.80 | 1.73 | 1.89 | 2.52 | 2.11 | 2.15 | 2.22 | 1.94 | 2.21 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $442,326K ÷ $191,565K
= 2.31
The current ratio of Kadant Inc has exhibited some fluctuations over the past several quarters. It stood at 2.21 as of March 31, 2020, indicating that the company had $2.21 in current assets for every $1 of current liabilities.
The ratio decreased to 1.94 by June 30, 2020, before rebounding to 2.22 by September 30, 2020. Subsequently, it remained above 2 for the next few quarters, demonstrating the company's strong ability to meet its short-term obligations with its current assets.
However, the current ratio began to decline from June 30, 2021, reaching a low of 1.73 by December 31, 2021. This decline suggests a potential strain on the company's short-term liquidity position.
There was a slight recovery in the current ratio in the following quarters, with ratios ranging from 1.80 to 2.05 up to December 31, 2024. Overall, despite some fluctuations, Kadant Inc generally maintained a current ratio above 1, indicating a favorable position in terms of short-term liquidity and ability to cover current liabilities.
Peer comparison
Dec 31, 2024