MSA Safety (MSA)

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	786,270	851,819	850,380	831,297	880,126	862,100	844,479	826,154	792,804	725,379	769,982	764,578	801,425	744,089	721,550	703,780	693,363	686,428	687,634	672,791
Total current liabilities	US$ in thousands	332,818	325,401	299,950	292,531	345,865	349,138	336,258	333,937	330,606	336,821	317,841	306,727	310,545	284,658	293,358	264,218	277,509	262,208	257,517	266,270
Current ratio		2.36	2.62	2.84	2.84	2.54	2.47	2.51	2.47	2.40	2.15	2.42	2.49	2.58	2.61	2.46	2.66	2.50	2.62	2.67	2.53

December 31, 2023 calculation

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

The current ratio of MSA Safety Inc has shown consistency and stability over the past eight quarters, ranging from 2.36 to 2.84. This indicates that the company has consistently maintained a strong liquidity position, with the ability to cover its short-term obligations comfortably. The current ratio has generally remained above 2, reflecting that MSA Safety Inc possesses more than enough current assets to cover its current liabilities. This stable current ratio trend suggests that the company has efficient working capital management and is well-positioned to meet its short-term financial obligations.