Middleby Corp (MIDD)
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 | 2,330,040 | 2,291,610 | 2,143,340 | 2,021,920 | 1,965,860 | 1,960,860 | 2,036,200 | 2,060,520 | 2,006,000 | 1,950,540 | 1,935,260 | 1,823,820 | 1,707,080 | 1,507,740 | 1,525,920 | 1,393,110 | 1,270,490 | 1,241,180 | 1,651,270 | 1,507,660 |
| Total current liabilities | US$ in thousands | 829,322 | 814,712 | 856,863 | 840,883 | 851,094 | 864,247 | 878,405 | 990,309 | 988,284 | 937,778 | 976,414 | 918,401 | 914,888 | 822,836 | 731,837 | 714,437 | 700,258 | 596,994 | 504,553 | 607,232 |
| Current ratio | 2.81 | 2.81 | 2.50 | 2.40 | 2.31 | 2.27 | 2.32 | 2.08 | 2.03 | 2.08 | 1.98 | 1.99 | 1.87 | 1.83 | 2.09 | 1.95 | 1.81 | 2.08 | 3.27 | 2.48 |
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 fluctuations over the analyzed period. The ratio was relatively stable in the range of 1.8 to 2.2 from March 2020 to March 2023. It peaked at 3.27 in June 2020, indicating a strong ability to meet short-term obligations at that point. However, the current ratio declined to 1.81 by December 2020, which could raise concerns about the company's liquidity position.
Subsequently, there was a slight improvement in the ratio, reaching its peak at 2.81 by September 2024. This upward trend suggests the company strengthened its ability to cover its current liabilities with current assets. Overall, the current ratio demonstrates Middleby Corp's varying liquidity position over the analyzed period, with efforts made to enhance short-term financial stability.
Peer comparison
Dec 31, 2024