Quaker Chemical Corporation (KWR)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 927,889 | 994,137 | 920,254 | 792,727 | 715,972 |
| Total current liabilities | US$ in thousands | 367,510 | 354,786 | 430,467 | 382,960 | 359,934 |
| Current ratio | 2.52 | 2.80 | 2.14 | 2.07 | 1.99 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $927,889K ÷ $367,510K
= 2.52
Quaker Houghton's current ratio has shown fluctuations over the past five years, ranging from 1.99 in 2019 to 2.80 in 2022. For the most recent year ending on December 31, 2023, the current ratio stands at 2.52. This indicates that the company has a solid ability to meet its short-term obligations with its current assets. A current ratio above 1 suggests that the company has more than enough current assets to cover its current liabilities, providing a margin of safety. However, it is essential to monitor trends in the current ratio over time to assess the company's liquidity position effectively.
Peer comparison
Dec 31, 2023