Knowles Cor (KN)
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 | 428,800 | 387,800 | 375,900 | 383,000 | 362,400 | 377,200 | 378,700 | 383,900 | 380,300 | 435,400 | 385,000 | 450,600 | 419,600 | 434,900 | 443,000 | 443,000 | 388,400 | 394,300 | 362,900 | 344,900 |
| Total current liabilities | US$ in thousands | 164,600 | 107,000 | 108,400 | 125,300 | 99,100 | 131,300 | 149,100 | 143,000 | 166,200 | 313,500 | 301,800 | 302,200 | 297,300 | 138,000 | 231,800 | 132,900 | 151,500 | 139,300 | 127,500 | 127,400 |
| Current ratio | 2.61 | 3.62 | 3.47 | 3.06 | 3.66 | 2.87 | 2.54 | 2.68 | 2.29 | 1.39 | 1.28 | 1.49 | 1.41 | 3.15 | 1.91 | 3.33 | 2.56 | 2.83 | 2.85 | 2.71 |
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 displayed fluctuations over the past eight quarters, ranging from a low of 2.54 to a high of 3.66. In Q4 2023, the company had a current ratio of 2.61, indicating that it had $2.61 in current assets for every $1 in current liabilities. This represents a decrease from the previous quarter's current ratio of 3.62. Despite this decline, the current ratio remains above 2.0 in all quarters, indicating a strong ability to cover short-term liabilities with current assets. However, the company should continue to monitor and manage its current assets and liabilities to ensure liquidity and financial stability in the future.
Peer comparison
Dec 31, 2023