Polaris Industries Inc (PII)
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 | ||
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Total current assets | US$ in thousands | 2,691,700 | 3,043,300 | 2,888,200 | 2,787,300 | 2,767,600 | 2,834,800 | 2,865,800 | 2,655,100 | 2,559,000 | 2,447,700 | 2,133,400 | 2,133,100 | 2,207,500 | 2,379,700 | 1,883,700 | 1,985,200 | 1,627,000 | 1,743,140 | 1,570,800 | 1,638,950 |
Total current liabilities | US$ in thousands | 1,933,800 | 2,438,300 | 2,414,900 | 2,298,400 | 2,328,600 | 2,212,700 | 2,340,200 | 2,250,900 | 2,230,100 | 1,844,800 | 1,822,100 | 1,856,900 | 1,889,400 | 2,239,000 | 1,907,600 | 1,513,000 | 1,528,000 | 1,546,120 | 1,332,380 | 1,248,110 |
Current ratio | 1.39 | 1.25 | 1.20 | 1.21 | 1.19 | 1.28 | 1.22 | 1.18 | 1.15 | 1.33 | 1.17 | 1.15 | 1.17 | 1.06 | 0.99 | 1.31 | 1.06 | 1.13 | 1.18 | 1.31 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,691,700K ÷ $1,933,800K
= 1.39
The current ratio of Polaris Inc has shown some fluctuation over the past eight quarters. The ratio has ranged from a low of 1.18 in Q2 2022 to a high of 1.39 in Q4 2023. Overall, the current ratio has generally been above 1, indicating that the company has had sufficient current assets to cover its current liabilities.
The upward trend from Q2 2022 to Q4 2023 suggests an improvement in the company's liquidity position. This indicates that Polaris Inc has been able to increase its current assets relative to its current liabilities, which is a positive sign for the company's short-term financial health.
However, it is important to note that while the current ratio has generally been healthy, it is also important to consider other factors such as the composition of current assets and liabilities, as well as any external factors that may impact the company's liquidity.