Middleby Corp (MIDD)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,330,040 | 1,965,860 | 2,006,000 | 1,707,080 | 1,270,490 |
| Total current liabilities | US$ in thousands | 829,322 | 851,094 | 988,284 | 914,888 | 700,258 |
| Current ratio | 2.81 | 2.31 | 2.03 | 1.87 | 1.81 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,330,040K ÷ $829,322K
= 2.81
Middleby Corp's current ratio has shown a consistent upward trend over the past five years, increasing from 1.81 in December 2020 to 2.81 in December 2024. This indicates the company's improving ability to cover its short-term liabilities with its current assets. A current ratio above 1 is generally considered healthy, and Middleby Corp's ratios all fall within or above this range, showing the company's strong liquidity position. The significant increase in the current ratio from 2020 to 2024 suggests that Middleby Corp has been effectively managing its current assets and liabilities, which is a positive indicator of its financial health and stability.
Peer comparison
Dec 31, 2024