Lennox International Inc (LII)
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 | 1,433,500 | 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 | 1,120,900 | 1,317,300 | 1,443,900 | 1,220,900 |
| Total current liabilities | US$ in thousands | 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 | 1,002,700 | 1,109,900 | 1,075,000 | 917,400 |
| Current ratio | 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 | 1.12 | 1.19 | 1.34 | 1.33 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,433,500K ÷ $1,014,600K
= 1.41
Lennox International Inc's current ratio has been fluctuating over the past eight quarters, ranging from a low of 0.94 in Q4 2022 to a high of 1.71 in Q3 2022.
A current ratio above 1 indicates that the company has more current assets than current liabilities, which suggests a healthy liquidity position. However, the current ratio dropped to 1.05 in Q2 2023 and 1.10 in Q1 2023, which may indicate a potential strain on the company's liquidity during those periods.
Overall, Lennox International Inc's current ratio has shown some volatility, and it would be important to further analyze the components of current assets and liabilities to fully understand the company's liquidity position during each quarter.
Peer comparison
Dec 31, 2023