Enpro Industries (NPO)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 650,300 | 684,200 | 804,700 | 579,000 | 749,500 |
| Total current liabilities | US$ in thousands | 196,400 | 211,500 | 386,300 | 202,000 | 313,600 |
| Current ratio | 3.31 | 3.23 | 2.08 | 2.87 | 2.39 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $650,300K ÷ $196,400K
= 3.31
The current ratio of Enpro Inc has shown fluctuations over the past five years. The ratio increased from 2.39 in 2019 to 2.87 in 2020, indicating an improvement in the company's liquidity position. However, there was a decline in 2021 when the current ratio dropped to 1.88, suggesting potential liquidity concerns.
In 2022, the current ratio improved to 3.23, reflecting a positive trend in the company's ability to meet its short-term obligations. The most recent data for 2023 shows a further increase in the current ratio to 3.31, indicating a strong liquidity position.
Overall, Enpro Inc's current ratio has generally been above 2 in recent years, which is considered a healthy level. The upward trend in the current ratio from 2021 to 2023 suggests improved liquidity management by the company. However, it would be beneficial for Enpro Inc to continue monitoring its current ratio to ensure it maintains a strong liquidity position in the future.