Lincoln Electric Holdings Inc (LECO)
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 | 1,645,280 | 1,757,100 | 1,613,110 | 1,679,750 | 1,693,110 | 1,672,290 | 1,646,180 | 1,610,490 | 1,557,790 | 1,395,400 | 1,465,200 | 1,427,830 | 1,289,590 | 1,235,960 | 1,237,940 | 1,196,290 | 1,112,340 | 1,026,210 | 1,007,780 | 1,059,340 |
| Total current liabilities | US$ in thousands | 878,802 | 951,336 | 783,567 | 748,873 | 754,610 | 808,142 | 810,762 | 835,939 | 852,897 | 820,328 | 903,683 | 927,652 | 755,905 | 745,420 | 696,020 | 614,461 | 549,449 | 533,161 | 568,571 | 654,822 |
| Current ratio | 1.87 | 1.85 | 2.06 | 2.24 | 2.24 | 2.07 | 2.03 | 1.93 | 1.83 | 1.70 | 1.62 | 1.54 | 1.71 | 1.66 | 1.78 | 1.95 | 2.02 | 1.92 | 1.77 | 1.62 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,645,280K ÷ $878,802K
= 1.87
The current ratio of Lincoln Electric Holdings Inc has shown some fluctuations over the past year. Starting at 1.62 on March 31, 2020, the ratio increased steadily to reach a peak of 2.24 on December 31, 2023. This indicates an improvement in the company's ability to cover its short-term liabilities with its current assets during this period. However, there was a slight decrease to 1.87 by December 31, 2024. Overall, the current ratio has generally remained above 1, which is considered a healthy level, but the slight decline towards the end of the period should be monitored for potential liquidity risks.
Peer comparison
Dec 31, 2024