Mohawk Industries Inc (MHK)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,340,100 | 5,604,220 | 5,895,100 | 5,238,360 | 5,363,650 |
| Total current liabilities | US$ in thousands | 2,672,300 | 3,145,910 | 3,070,280 | 2,946,360 | 2,371,250 |
| Current ratio | 1.62 | 1.78 | 1.92 | 1.78 | 2.26 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,340,100K ÷ $2,672,300K
= 1.62
The current ratio of Mohawk Industries Inc has shown fluctuations over the past five years. Starting at 2.26 in December 31, 2020, the ratio decreased to 1.78 in December 31, 2021, before increasing to 1.92 in December 31, 2022. However, there was a subsequent decrease to 1.78 in December 31, 2023, and further reduction to 1.62 in December 31, 2024.
A current ratio above 1 indicates that Mohawk Industries Inc has more current assets than current liabilities, suggesting the company's ability to cover its short-term obligations. Despite the fluctuations observed, it is important for the company to maintain a current ratio above 1 to ensure its liquidity and financial health.
Peer comparison
Dec 31, 2024