nVent Electric PLC (NVT)
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 | 1,389,300 | 1,418,700 | 1,422,700 | 1,373,900 | 1,336,100 | 1,299,900 | 1,296,100 | 1,251,800 | 1,229,200 | 1,212,800 | 1,068,300 | 964,900 | 911,500 | 889,700 | 902,500 | 799,000 | 764,400 | 816,000 | 883,100 | 885,800 |
| Total current liabilities | US$ in thousands | 801,600 | 776,200 | 654,100 | 690,300 | 733,600 | 659,400 | 620,600 | 601,300 | 649,500 | 645,000 | 612,100 | 588,300 | 636,300 | 571,200 | 535,800 | 463,800 | 450,000 | 409,900 | 386,200 | 409,200 |
| Current ratio | 1.73 | 1.83 | 2.18 | 1.99 | 1.82 | 1.97 | 2.09 | 2.08 | 1.89 | 1.88 | 1.75 | 1.64 | 1.43 | 1.56 | 1.68 | 1.72 | 1.70 | 1.99 | 2.29 | 2.16 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,389,300K ÷ $801,600K
= 1.73
nVent Electric PLC has exhibited fluctuations in its current ratio over the past few years. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
The current ratio for nVent Electric PLC has ranged from a low of 1.43 as of December 31, 2021, to a high of 2.29 as of June 30, 2020. This indicates that the company had varying levels of liquidity to meet its short-term obligations during this period.
Overall, the current ratio has generally remained above 1, indicating that nVent Electric PLC has had sufficient current assets to cover its current liabilities. However, there have been periods where the current ratio dropped below 1.5, such as as of December 31, 2021, which may suggest a potential liquidity risk.
As of December 31, 2024, the current ratio is 1.73, showing a slight improvement from the previous period. This suggests that nVent Electric PLC's liquidity position has strengthened at the end of 2024.
It is essential for stakeholders to continue monitoring nVent Electric PLC's current ratio to assess the company's short-term liquidity and ability to meet its financial obligations.
Peer comparison
Dec 31, 2024