Enpro Industries (NPO)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 512,300 | 650,300 | 684,200 | 713,000 | 579,000 |
| Total current liabilities | US$ in thousands | 198,000 | 196,400 | 211,500 | 379,100 | 202,000 |
| Current ratio | 2.59 | 3.31 | 3.23 | 1.88 | 2.87 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $512,300K ÷ $198,000K
= 2.59
The current ratio for Enpro Industries has shown variability over the past five years.
As of December 31, 2020, the current ratio was 2.87, indicating that the company had $2.87 in current assets for every $1 of current liabilities. This suggests a strong liquidity position.
However, in the following year, as of December 31, 2021, the current ratio decreased to 1.88, signaling a potential decrease in the company's ability to cover its short-term obligations with its current assets.
Subsequently, the current ratio improved in the years 2022 and 2023, reaching 3.23 and 3.31 respectively. These ratios suggest a healthy liquidity position for the company, with sufficient current assets to meet its short-term liabilities comfortably.
In the most recent year, as of December 31, 2024, the current ratio decreased to 2.59, indicating a slight decline in liquidity compared to the preceding years but still showing the company has more than enough current assets to cover its current liabilities.
Overall, while Enpro Industries has experienced fluctuations in its current ratio over the years, it has generally maintained a healthy liquidity position, with some variability in its ability to cover short-term obligations with current assets.