Enpro Industries (NPO)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 512,300 | 519,200 | 480,800 | 464,200 | 650,300 | 636,500 | 754,700 | 715,300 | 684,200 | 650,600 | 629,000 | 692,100 | 713,000 | 709,500 | 646,100 | 598,500 | 579,000 | 816,500 | 789,200 | 781,700 |
| Total current liabilities | US$ in thousands | 198,000 | 188,400 | 176,900 | 179,200 | 196,400 | 195,100 | 187,100 | 199,900 | 211,500 | 253,300 | 330,100 | 391,700 | 379,100 | 222,400 | 216,500 | 203,000 | 202,000 | 243,100 | 261,400 | 281,300 |
| Current ratio | 2.59 | 2.76 | 2.72 | 2.59 | 3.31 | 3.26 | 4.03 | 3.58 | 3.23 | 2.57 | 1.91 | 1.77 | 1.88 | 3.19 | 2.98 | 2.95 | 2.87 | 3.36 | 3.02 | 2.78 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $512,300K ÷ $198,000K
= 2.59
The current ratio of Enpro Industries has fluctuated over the past few years, indicating changes in the company's liquidity position. The ratio was relatively stable around 3 in 2020 and 2021, suggesting that the company had a comfortable level of current assets to cover its current liabilities during that period. However, in December 2021 and March 2022, the current ratio dropped significantly to below 2, indicating a potential strain on Enpro's short-term liquidity.
The company's current ratio improved in the following quarters, reaching a peak of 4.03 in June 2023, which may signify an improvement in Enpro's ability to meet its short-term obligations. However, the ratio decreased in the subsequent quarters but remained generally above 2.5, indicating a reasonable level of liquidity.
Overall, Enpro Industries has experienced fluctuations in its current ratio, with periods of strong liquidity followed by declines. It will be essential for the company to closely monitor its current assets and liabilities to maintain a healthy liquidity position and ensure its ability to meet short-term obligations in the future.