Quaker Chemical Corporation (KWR)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 876,417 | 927,889 | 994,137 | 920,254 | 792,727 |
| Total current liabilities | US$ in thousands | 379,768 | 367,510 | 354,786 | 430,467 | 382,960 |
| Current ratio | 2.31 | 2.52 | 2.80 | 2.14 | 2.07 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $876,417K ÷ $379,768K
= 2.31
Quaker Chemical Corporation's current ratio has displayed a generally positive trend over the past five years, reflecting the company's ability to meet its short-term financial obligations. The ratio has shown a gradual increase from 2.07 in December 2020 to 2.31 by December 2024. This suggests that the company has improved its liquidity position and has sufficient current assets to cover its current liabilities. While there was a slight fluctuation in 2023, with the ratio dipping to 2.52, it remained above 2 throughout the period, indicating a healthy liquidity position overall. Overall, Quaker Chemical Corporation's current ratio demonstrates a strong financial position in terms of short-term liquidity.
Peer comparison
Dec 31, 2024