MSA Safety (MSA)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	786,270	880,126	792,804	801,425	693,363
Total current liabilities	US$ in thousands	332,818	345,865	330,606	310,545	277,509
Current ratio		2.36	2.54	2.40	2.58	2.50

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $786,270K ÷ $332,818K
= 2.36

MSA Safety Inc's current ratio has fluctuated over the past five years, ranging from 2.36 in 2023 to 2.54 in 2022. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger ability to cover short-term liabilities.

While MSA Safety Inc's current ratio decreased slightly in 2023 compared to the prior year, it remains above 2. This suggests that the company has a comfortable level of current assets relative to its current liabilities. However, a decreasing trend in the current ratio over time may indicate potential liquidity challenges, as it could imply that current liabilities are growing faster than current assets.

Overall, MSA Safety Inc's current ratio indicates a healthy liquidity position, but management should continue monitoring the trend to ensure the company can effectively meet its short-term financial obligations.