Patrick Industries Inc (PATK)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 822,617 | 734,631 | 909,904 | 974,075 | 528,063 |
| Total current liabilities | US$ in thousands | 353,615 | 308,496 | 367,240 | 432,777 | 227,389 |
| Current ratio | 2.33 | 2.38 | 2.48 | 2.25 | 2.32 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $822,617K ÷ $353,615K
= 2.33
The current ratio of Patrick Industries Inc has been relatively stable over the past five years, ranging from 2.25 to 2.48. This indicates that the company has a healthy level of current assets to cover its current liabilities, with a comfortable buffer for short-term obligations. The slight fluctuations in the current ratio suggest that the company has been managing its current assets and liabilities effectively to maintain liquidity. Overall, the current ratio analysis reflects positively on the company's short-term financial health and its ability to meet its immediate financial obligations.
Peer comparison
Dec 31, 2024