MSA Safety (MSA)

Current ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Total current assets	US$ in thousands	803,030	786,270	880,126	792,804	756,429
Total current liabilities	US$ in thousands	288,093	332,818	345,865	330,606	310,545
Current ratio		2.79	2.36	2.54	2.40	2.44

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $803,030K ÷ $288,093K
= 2.79

The current ratio for MSA Safety has shown some fluctuations over the past five years. It stood at 2.44 as of December 31, 2020, decreased slightly to 2.40 by December 31, 2021, and then increased to 2.54 by December 31, 2022. However, the ratio declined to 2.36 by December 31, 2023, before experiencing a significant improvement to 2.79 by December 31, 2024.

Overall, MSA Safety's current ratio indicates that the company has maintained a healthy liquidity position over the years, with its current assets consistently exceeding its current liabilities. This suggests that the company has sufficient short-term assets to cover its near-term obligations. Despite the minor fluctuations, the current ratio has generally remained at a comfortable level, indicating a strong financial position and the ability to meet its short-term financial obligations effectively.