Mohawk Industries Inc (MHK)
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 | 5,496,900 | 5,621,400 | 5,641,300 | 5,721,700 | 5,604,220 | 5,504,320 | 5,851,330 | 6,061,140 | 5,895,100 | 5,854,330 | 5,940,730 | 5,564,740 | 5,238,360 | 5,646,080 | 5,950,560 | 5,566,010 | 5,363,650 | 5,151,990 | 4,746,000 | 4,613,030 |
| Total current liabilities | US$ in thousands | 2,672,300 | 2,771,000 | 2,937,700 | 3,120,100 | 3,145,910 | 3,188,570 | 3,287,940 | 3,318,370 | 3,070,280 | 3,904,750 | 3,924,380 | 3,871,630 | 2,946,360 | 2,901,740 | 3,178,890 | 3,007,290 | 2,371,250 | 2,387,110 | 1,872,230 | 2,871,280 |
| Current ratio | 2.06 | 2.03 | 1.92 | 1.83 | 1.78 | 1.73 | 1.78 | 1.83 | 1.92 | 1.50 | 1.51 | 1.44 | 1.78 | 1.95 | 1.87 | 1.85 | 2.26 | 2.16 | 2.53 | 1.61 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,496,900K ÷ $2,672,300K
= 2.06
The current ratio of Mohawk Industries Inc has shown fluctuations over the past several quarters. As of December 31, 2024, the company's current ratio stood at 2.06, indicating that it had $2.06 in current assets for every dollar of current liabilities. This represents an improvement compared to the previous quarters in 2024.
Despite the improvement in the most recent quarter, the current ratio has varied between 1.44 and 2.53 over the last few years. This fluctuation may suggest changes in the company's liquidity position and ability to meet its short-term obligations.
It is important to note that a current ratio above 1.0 generally indicates that the company has sufficient current assets to cover its current liabilities. Mohawk Industries Inc's current ratio has generally been above 1.0, reflecting a relatively healthy liquidity position.
However, the decreasing trend in the current ratio from June 2022 to March 2024 may raise some concerns about the company's ability to meet short-term obligations. Investors and stakeholders should continue to monitor the current ratio closely to assess Mohawk Industries Inc's liquidity and financial health.
Peer comparison
Dec 31, 2024