Kontoor Brands Inc (KTB)

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	1,064,280	1,066,230	1,022,010	1,060,240	1,043,880	1,033,060	1,009,670	1,039,550	982,269	1,073,250	957,524	985,053	910,658	988,348	876,301	874,727	901,680	1,021,280	919,877	1,259,790
Total current liabilities	US$ in thousands	393,905	427,288	373,077	392,638	392,637	389,279	389,009	402,070	440,429	507,446	465,020	491,053	455,812	504,598	421,639	432,733	413,635	462,923	330,773	366,728
Current ratio		2.70	2.50	2.74	2.70	2.66	2.65	2.60	2.59	2.23	2.12	2.06	2.01	2.00	1.96	2.08	2.02	2.18	2.21	2.78	3.44

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,064,280K ÷ $393,905K
= 2.70

The current ratio of Kontoor Brands Inc has shown stability and consistency over the past few years, averaging around 2.5. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a positive sign of financial health and liquidity.

Specifically looking at the most recent data points, the current ratio decreased from 2.74 as of June 30, 2024, to 2.50 as of September 30, 2024, which may suggest a slight reduction in liquidity. However, a current ratio of 2.50 is still considered healthy and indicates that the company is capable of meeting its short-term obligations using its current assets.

Overall, the current ratio of Kontoor Brands Inc demonstrates that the company has a strong liquidity position and the ability to cover its short-term liabilities comfortably.