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
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.