Pentair PLC (PNR)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,436,100 | 1,569,000 | 1,558,500 | 1,304,000 | 975,100 |
| Total current liabilities | US$ in thousands | 895,100 | 949,600 | 1,063,100 | 1,051,700 | 772,500 |
| Current ratio | 1.60 | 1.65 | 1.47 | 1.24 | 1.26 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,436,100K ÷ $895,100K
= 1.60
The current ratio of Pentair PLC has shown a relatively stable trend over the past five years. It was 1.26 in 2020, decreased slightly to 1.24 in 2021, but then started to improve consistently. As of December 31, 2024, the current ratio stands at 1.60, indicating that the company's current assets are 1.60 times its current liabilities. This suggests that Pentair PLC has a healthy liquidity position, with sufficient current assets to cover its short-term obligations. The increasing trend in the current ratio over the years indicates an improving liquidity position and may reflect effective management of working capital within the company.
Peer comparison
Dec 31, 2024