National Presto Industries Inc (NPK)
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 | 360,110 | 333,800 | 319,030 | 312,046 | 326,632 | 336,647 | 323,959 | 317,445 | 348,053 | 345,186 | 323,827 | 319,600 | 357,240 | 334,758 | 329,514 | 312,294 | 337,833 | 327,331 | 319,772 | 310,276 |
| Total current liabilities | US$ in thousands | 72,019 | 63,416 | 56,471 | 56,376 | 53,641 | 51,632 | 48,207 | 49,646 | 53,159 | 61,158 | 46,028 | 51,530 | 55,092 | 46,639 | 55,166 | 46,083 | 39,295 | 45,250 | 42,127 | 42,579 |
| Current ratio | 5.00 | 5.26 | 5.65 | 5.54 | 6.09 | 6.52 | 6.72 | 6.39 | 6.55 | 5.64 | 7.04 | 6.20 | 6.48 | 7.18 | 5.97 | 6.78 | 8.60 | 7.23 | 7.59 | 7.29 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $360,110K ÷ $72,019K
= 5.00
Based on the data provided, the current ratio of National Presto Industries Inc has shown some fluctuations over the past few quarters. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
The current ratio has ranged from a low of 5.00 to a high of 8.60 during the period from March 31, 2019, to December 31, 2023. A higher current ratio generally indicates that the company has more liquidity and is better positioned to cover its short-term liabilities.
National Presto Industries Inc's current ratio has generally been healthy and above the industry average, with the ratio consistently above 5.00. This suggests that the company has maintained a strong ability to meet its short-term financial obligations throughout the period analyzed.
However, it is important to note the fluctuations in the current ratio over time, which could indicate changes in the company's liquidity position or financial management practices. Investors and stakeholders may want to further investigate the reasons behind these fluctuations to assess the company's overall financial health.
In conclusion, based on the trend of the current ratio, National Presto Industries Inc has maintained a relatively strong liquidity position and seems to have the ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023