LCI Industries (LCII)

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	1,116,870	1,230,640	1,235,240	1,364,780	1,390,780	1,505,490	1,697,700	1,827,120	1,566,880	1,360,470	1,215,980	1,068,180	869,801	795,672	697,291	769,399	670,791	580,596	538,098	553,096
Total current liabilities	US$ in thousands	394,992	414,016	441,452	436,031	421,300	500,121	638,243	741,003	627,216	684,131	550,590	534,988	416,394	400,523	309,871	300,037	271,258	256,072	220,392	215,211
Current ratio		2.83	2.97	2.80	3.13	3.30	3.01	2.66	2.47	2.50	1.99	2.21	2.00	2.09	1.99	2.25	2.56	2.47	2.27	2.44	2.57

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,116,870K ÷ $394,992K
= 2.83

The current ratio of LCI Industries has fluctuated over the past eight quarters. The ratio decreased from 3.30 in Q4 2022 to 2.47 in Q1 2022 before showing an upward trend in subsequent quarters. It reached its peak at 3.13 in Q1 2023 but then decreased slightly to 2.80 in Q2 2023. The current ratio then increased to 2.97 in Q3 2023 before decreasing again to 2.83 in Q4 2023.

Overall, the current ratio of LCI Industries has shown some variability, but it generally indicates the company's ability to cover its short-term liabilities with its current assets. A higher current ratio implies a stronger liquidity position, while a lower ratio may indicate potential liquidity issues. It is important for investors and analysts to monitor these fluctuations to assess the company's financial health and ability to meet its short-term obligations.