Polaris Industries Inc (PII)
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 | 2,632,400 | 2,728,200 | 2,800,100 | 2,732,600 | 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 |
| Total current liabilities | US$ in thousands | 2,293,200 | 2,252,700 | 1,975,000 | 1,860,600 | 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 |
| Current ratio | 1.15 | 1.21 | 1.42 | 1.47 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,632,400K ÷ $2,293,200K
= 1.15
The current ratio of Polaris Industries Inc has shown fluctuations over the reporting periods provided. The current ratio indicates the company's ability to cover its short-term liabilities with its short-term assets.
From March 31, 2020, to December 31, 2021, the current ratio ranged between 0.99 and 1.33, with some variability in the values. This indicates that Polaris Industries Inc had varying levels of short-term assets to cover its short-term liabilities during this period.
Subsequently, from March 31, 2022, to December 31, 2024, the current ratio fluctuated within a narrower range of 1.15 to 1.47. This suggests a relatively more stable ability for the company to meet its short-term obligations with its current assets during this period.
Overall, the current ratio trend indicates that Polaris Industries Inc has maintained a generally stable position in terms of its short-term liquidity and ability to meet its immediate financial obligations. However, it is essential to analyze other financial metrics in conjunction with the current ratio to gain a more comprehensive understanding of the company's financial health.