Koppers Holdings Inc (KOP)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 699,000 | 636,800 | 628,100 | 564,500 | 519,500 |
| Total current liabilities | US$ in thousands | 325,900 | 324,000 | 285,700 | 292,100 | 296,200 |
| Current ratio | 2.14 | 1.97 | 2.20 | 1.93 | 1.75 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $699,000K ÷ $325,900K
= 2.14
The current ratio of Koppers Holdings Inc has shown a fluctuating trend over the past five years. It increased from 1.75 in 2019 to 2.20 in 2021, indicating a significant improvement in the company's short-term liquidity position. However, the ratio decreased to 1.93 in 2020 before rising again to 1.97 in 2022. In 2023, the current ratio further improved to 2.14, suggesting that the company's current assets are sufficient to cover its current liabilities with a greater margin. Overall, the current ratio of Koppers Holdings Inc has generally been above the ideal benchmark of 2, indicating a healthy liquidity position and ability to meet short-term obligations.
Peer comparison
Dec 31, 2023