LCI Industries (LCII)

Current ratio

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Total current assets US$ in thousands 1,160,240 1,116,870 1,390,780 1,566,880 869,801
Total current liabilities US$ in thousands 412,053 394,992 421,300 627,216 416,394
Current ratio 2.82 2.83 3.30 2.50 2.09

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,160,240K ÷ $412,053K
= 2.82

Based on the provided data, the current ratio of LCI Industries has shown a generally positive trend over the past five years. The current ratio increased from 2.09 in December 31, 2020, to 2.50 in December 31, 2021. Further improvement was observed in subsequent years, reaching 3.30 in December 31, 2022, before experiencing a slight decline to 2.83 in December 31, 2023, and stabilizing at 2.82 in December 31, 2024.

A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally seen as a favorable position as it suggests that the company can meet its short-term obligations. The increasing trend in the current ratio of LCI Industries indicates an improvement in the company's liquidity and ability to cover its short-term liabilities with its current assets.

Overall, the current ratio of LCI Industries has been at healthy levels over the past five years, with the company maintaining a strong ability to meet its short-term obligations.