Kirby Corporation (KEX)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	67,073	1,135,160	1,211,760	1,003,860	1,047,970
Total current liabilities	US$ in thousands	734,753	675,795	642,197	543,772	466,032
Current ratio		0.09	1.68	1.89	1.85	2.25

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $67,073K ÷ $734,753K
= 0.09

The current ratio of Kirby Corporation has fluctuated over the years, ranging from a high of 2.25 in December 31, 2020 to a low of 0.09 in December 31, 2024. This ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally seen as favorable.

In the case of Kirby Corporation, the current ratio has generally been above 1, indicating that the company has had sufficient current assets to meet its short-term obligations. However, a declining trend in the current ratio from 2020 to 2024 suggests a potential deterioration in the company's liquidity position over time. It is important for investors and stakeholders to closely monitor this trend, as a current ratio significantly below 1 could signal financial distress and difficulty in meeting short-term obligations.