Quaker Chemical Corporation (KWR)
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 | 876,417 | 941,853 | 919,100 | 933,029 | 927,889 | 966,311 | 984,001 | 1,029,300 | 994,137 | 984,703 | 1,045,820 | 987,659 | 920,254 | 893,196 | 867,905 | 831,041 | 792,727 | 718,564 | 849,238 | 895,228 |
| Total current liabilities | US$ in thousands | 379,768 | 371,345 | 350,077 | 350,227 | 367,510 | 352,107 | 346,538 | 369,412 | 354,786 | 365,731 | 400,725 | 452,549 | 430,467 | 409,959 | 400,434 | 396,435 | 382,960 | 337,140 | 282,691 | 340,587 |
| Current ratio | 2.31 | 2.54 | 2.63 | 2.66 | 2.52 | 2.74 | 2.84 | 2.79 | 2.80 | 2.69 | 2.61 | 2.18 | 2.14 | 2.18 | 2.17 | 2.10 | 2.07 | 2.13 | 3.00 | 2.63 |
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 shown a fluctuating trend over the past years. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, ranged between 2.07 and 3.00 during the period from March 31, 2020, to December 31, 2024.
The current ratio was relatively stable around the range of 2.1 to 2.2 in the years 2020 and 2021. However, there was an increase in the current ratio in mid-2022, reaching a peak of 2.8 by December 31, 2022. This improvement suggests the company had a stronger ability to meet its short-term obligations using its current assets.
Subsequently, there was a slight decrease in the current ratio in the following periods, ending at 2.31 by December 31, 2024. Despite this slight decline, the current ratio remained above 2 throughout the period, indicating that Quaker Chemical Corporation generally maintained a healthy liquidity position.
Overall, the trend in the current ratio for Quaker Chemical Corporation reflects a solid liquidity position, with the ability to cover its short-term liabilities comfortably with its current assets.
Peer comparison
Dec 31, 2024