Knowles Cor (KN)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 428,800 | 362,400 | 380,300 | 419,600 | 388,400 |
| Total current liabilities | US$ in thousands | 164,600 | 99,100 | 166,200 | 297,300 | 151,500 |
| Current ratio | 2.61 | 3.66 | 2.29 | 1.41 | 2.56 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $428,800K ÷ $164,600K
= 2.61
The current ratio of Knowles Corp has shown fluctuations over the past five years. As of December 31, 2023, the current ratio stands at 2.61, indicating the company's ability to cover its short-term obligations with its current assets.
Comparing this to the previous years, we see a significant decrease from 3.66 in 2022 to 2.61 in 2023. This decline may suggest a potential weakening in the company's liquidity position compared to the previous year.
When looking at the trend over the past five years, the current ratio has experienced fluctuations, with a notable increase from 1.41 in 2020 to 3.66 in 2022, followed by a decline in 2023. This fluctuation indicates varying levels of liquidity and working capital management by Knowles Corp over the years.
It is essential for investors and stakeholders to monitor the current ratio closely, as it provides insights into the company's short-term liquidity and ability to meet its immediate financial obligations. Additionally, management may need to assess and address the factors contributing to the fluctuations in the current ratio to ensure optimal liquidity management in the future.
Peer comparison
Dec 31, 2023