Knowles Cor (KN)
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 | 361,400 | 436,000 | 422,900 | 467,900 | 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 |
| Total current liabilities | US$ in thousands | 197,600 | 185,900 | 178,900 | 170,300 | 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 |
| Current ratio | 1.83 | 2.35 | 2.36 | 2.75 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $361,400K ÷ $197,600K
= 1.83
The current ratio of Knowles Cor has fluctuated over the reporting periods, ranging from a high of 3.66 as of December 31, 2022, to a low of 1.28 as of June 30, 2021. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities to meet its short-term obligations.
During the earlier periods, the current ratio showed a strong liquidity position, with ratios above 2, indicating a comfortable ability to cover short-term obligations. However, there were some dips in the ratio in mid-2021 and late 2021, falling below 1.5, which could suggest potential liquidity challenges during those periods.
As of the most recent reporting date, the current ratio improved to 2.36 as of June 30, 2024, from the previous quarter. This indicates a healthier liquidity position compared to the immediate prior quarter, suggesting that Knowles Cor may have increased its current assets relative to its current liabilities. Overall, the trend in the current ratio of Knowles Cor shows fluctuations but generally remains above 1, reflecting a satisfactory ability to meet its short-term obligations.
Peer comparison
Dec 31, 2024