Lennox International Inc (LII)
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 | 1,884,200 | 1,831,000 | 1,765,300 | 1,564,500 | 1,433,500 | 1,742,400 | 1,826,800 | 1,671,600 | 1,496,500 | 1,594,100 | 1,629,100 | 1,437,200 | 1,175,400 | 1,184,900 | 1,260,400 | 1,138,200 | 1,087,600 | 1,064,000 | 1,226,900 | 1,225,100 |
| Total current liabilities | US$ in thousands | 1,313,300 | 1,316,000 | 1,104,500 | 1,097,400 | 1,014,600 | 1,255,000 | 1,741,900 | 1,526,400 | 1,595,700 | 931,700 | 967,700 | 859,400 | 827,100 | 1,100,400 | 1,057,800 | 849,100 | 701,300 | 711,000 | 946,200 | 894,600 |
| Current ratio | 1.43 | 1.39 | 1.60 | 1.43 | 1.41 | 1.39 | 1.05 | 1.10 | 0.94 | 1.71 | 1.68 | 1.67 | 1.42 | 1.08 | 1.19 | 1.34 | 1.55 | 1.50 | 1.30 | 1.37 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,884,200K ÷ $1,313,300K
= 1.43
The current ratio of Lennox International Inc has shown fluctuating trends over the past few years. Starting at 1.37 on March 31, 2020, the ratio decreased to 1.08 on September 30, 2021, indicating a potential liquidity concern. However, the company improved its current ratio to 1.71 on September 30, 2022, which suggests stronger short-term liquidity.
Subsequently, the ratio experienced some fluctuations but generally remained above 1, reflecting the company's ability to meet its short-term obligations. However, there was a notable decline to 0.94 on December 31, 2022, which may raise concerns about the company's short-term liquidity position.
The current ratio rebounded to 1.60 on June 30, 2024, indicating an improvement in liquidity. Overall, while the current ratio of Lennox International Inc has shown variability, it has generally stayed above the industry benchmark of 1, with periods of weakness and strength in short-term liquidity management.
Peer comparison
Dec 31, 2024