National Presto Industries Inc (NPK)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 366,661 | 360,110 | 326,632 | 348,053 | 357,240 |
| Total current liabilities | US$ in thousands | 60,556 | 72,019 | 53,641 | 53,159 | 55,092 |
| Current ratio | 6.05 | 5.00 | 6.09 | 6.55 | 6.48 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $366,661K ÷ $60,556K
= 6.05
The current ratio of National Presto Industries Inc has displayed a consistent and healthy trend over the past five years. The ratio stood at 6.48 as of December 31, 2020, and improved slightly to 6.55 by December 31, 2021. However, there was a slight decline in the ratio to 6.09 by December 31, 2022. Subsequently, the ratio dropped to 5.00 by December 31, 2023, indicating a potential liquidity risk. Nonetheless, there was a recovery as the ratio increased to 6.05 by December 31, 2024. Overall, despite some fluctuations, the current ratio remained well above the industry average, showcasing the company's ability to meet its short-term obligations comfortably.
Peer comparison
Dec 31, 2024