Quaker Chemical Corporation (KWR)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 715,972 | 724,562 | 412,179 | 391,313 |
| Total current liabilities | US$ in thousands | 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 | 359,934 | 345,760 | 153,188 | 147,508 |
| Current ratio | 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 | 1.99 | 2.10 | 2.69 | 2.65 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $927,889K ÷ $367,510K
= 2.52
The current ratio of Quaker Houghton has shown a generally positive trend over the past eight quarters, starting at 2.18 in Q1 2022 and peaking at 2.84 in Q2 2023. This indicates that the company's current assets have been consistently sufficient to cover its current liabilities for this period. Despite a slight dip in Q1 2023, the current ratio rebounded in subsequent quarters, demonstrating the company's ability to efficiently manage its short-term financial obligations. Overall, Quaker Houghton's current ratio reflects a strong liquidity position, providing a buffer against any potential short-term financial challenges.
Peer comparison
Dec 31, 2023