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

Company name
Symbol
Current ratio
National Presto Industries Inc
NPK
5.00
Axon Enterprise Inc.
AXON
3.00
Sturm Ruger & Company Inc
RGR
4.29
Vista Outdoor Inc
VSTO
2.79