Mohawk Industries Inc (MHK)
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 | 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 | 4,429,460 | 4,727,780 | 4,808,320 | 4,688,960 |
| Total current liabilities | US$ in thousands | 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 | 2,712,580 | 3,114,700 | 3,705,790 | 3,434,250 |
| Current ratio | 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 | 1.63 | 1.52 | 1.30 | 1.37 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,604,220K ÷ $3,145,910K
= 1.78
The current ratio of Mohawk Industries, Inc. has been fluctuating over the past eight quarters, ranging from 1.44 to 1.92. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
In the most recent quarter, Q4 2023, the current ratio was 1.78, indicating that the company had $1.78 in current assets for every $1 in current liabilities. This suggests that Mohawk Industries had a relatively strong liquidity position at the end of the year.
However, it is important to note that the current ratio has been trending downwards over the past few quarters, from a high of 1.92 in Q4 2022 to 1.78 in Q4 2023. This declining trend may indicate potential challenges in managing short-term obligations relative to current assets.
Overall, while the current ratio of Mohawk Industries, Inc. remains above 1, indicating that the company has sufficient current assets to cover its current liabilities, stakeholders should monitor the trend closely to ensure sustained liquidity and financial health.
Peer comparison
Dec 31, 2023