Owens Corning Inc (OC)
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 | 3,378,000 | 3,863,000 | 3,719,000 | 3,981,000 | 3,917,000 | 3,949,000 | 3,791,000 | 3,593,000 | 3,556,000 | 3,567,000 | 3,689,000 | 3,431,000 | 3,097,000 | 3,143,000 | 3,124,000 | 2,738,000 | 2,606,000 | 2,633,000 | 2,604,000 | 2,332,000 |
| Total current liabilities | US$ in thousands | 2,297,000 | 2,682,000 | 2,722,000 | 2,268,000 | 2,324,000 | 1,826,000 | 1,832,000 | 1,933,000 | 2,104,000 | 2,014,000 | 1,974,000 | 1,999,000 | 1,697,000 | 1,686,000 | 1,637,000 | 1,467,000 | 1,440,000 | 1,351,000 | 1,393,000 | 1,430,000 |
| Current ratio | 1.47 | 1.44 | 1.37 | 1.76 | 1.69 | 2.16 | 2.07 | 1.86 | 1.69 | 1.77 | 1.87 | 1.72 | 1.82 | 1.86 | 1.91 | 1.87 | 1.81 | 1.95 | 1.87 | 1.63 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,378,000K ÷ $2,297,000K
= 1.47
Owens Corning Inc's current ratio has shown some fluctuation over the past few years. The current ratio measures the company's ability to cover its short-term obligations with its current assets. Looking at the data provided, we can see that the current ratio ranged from a low of 1.37 on June 30, 2024, to a high of 2.16 on September 30, 2023.
Overall, the current ratio has generally been above 1, which indicates that the company has had sufficient current assets to cover its current liabilities. However, the ratio dipped below 1.5 in some quarters, suggesting that there may have been periods where the company's liquidity position was weaker.
It is important to monitor the current ratio over time to ensure that Owens Corning Inc maintains a healthy liquidity position to meet its short-term obligations. A current ratio of around 2 or higher is generally considered healthy, as it indicates the company has a comfortable cushion of current assets to cover its current liabilities.