Knife River Corporation (KNF)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 987,668 | 913,543 | 813,693 | 542,630 | — |
| Total current liabilities | US$ in thousands | 370,037 | 347,271 | 286,006 | 357,201 | — |
| Current ratio | 2.67 | 2.63 | 2.85 | 1.52 | — |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $987,668K ÷ $370,037K
= 2.67
Knife River Corporation's current ratio has shown a positive trend over the years, indicating an improvement in the company's short-term liquidity position. The current ratio was not available for December 31, 2020, but it increased from 1.52 in 2021 to 2.67 in 2024.
A current ratio above 1 suggests that Knife River Corporation has more current assets than current liabilities, which is a positive sign for meeting its short-term obligations. The increasing trend in the current ratio from 2021 to 2024 indicates that the company's ability to cover its short-term liabilities with current assets has strengthened over the years.
A current ratio of 2.67 as of December 31, 2024, indicates that Knife River Corporation possesses more than double the current assets required to cover its current liabilities, pointing towards a healthy liquidity position. This trend suggests that the company may be in a better position to handle unexpected expenses or downturns in the business environment.
Peer comparison
Dec 31, 2024