Enpro Industries (NPO)
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 | 650,300 | 636,500 | 754,700 | 715,300 | 684,200 | 650,600 | 629,000 | 692,100 | 804,700 | 709,500 | 646,100 | 598,500 | 579,000 | 816,500 | 789,200 | 781,700 | 749,500 | 697,600 | 731,400 | 738,900 |
| Total current liabilities | US$ in thousands | 196,400 | 195,100 | 187,100 | 199,900 | 211,500 | 253,300 | 330,100 | 391,700 | 386,300 | 222,400 | 216,500 | 203,000 | 202,000 | 243,100 | 261,400 | 281,300 | 313,600 | 306,800 | 289,700 | 278,500 |
| Current ratio | 3.31 | 3.26 | 4.03 | 3.58 | 3.23 | 2.57 | 1.91 | 1.77 | 2.08 | 3.19 | 2.98 | 2.95 | 2.87 | 3.36 | 3.02 | 2.78 | 2.39 | 2.27 | 2.52 | 2.65 |
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 a positive trend over the past eight quarters, indicating the company's improving liquidity position and ability to meet its short-term obligations. The current ratio increased from 1.77 in Q1 2022 to 3.31 in Q4 2023, reaching its highest level during this period in Q2 2023 at 4.03. This suggests that Enpro Inc has a relatively strong ability to cover its current liabilities with its current assets. The gradual increase in the current ratio reflects a better management of current assets and liabilities, which is a positive signal for the company's financial health. Additionally, the current ratio consistently staying above 1 indicates that Enpro Inc has more than enough current assets to cover its current liabilities, providing a cushion in case of unexpected financial challenges. Overall, the increasing trend of the current ratio for Enpro Inc signifies a strengthened liquidity position and a reduced risk of liquidity shortages in the near term.