Pentair PLC (PNR)
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 | 1,569,000 | 1,499,400 | 1,570,000 | 1,766,700 | 1,558,500 | 1,562,500 | 1,462,600 | 1,541,700 | 1,304,000 | 1,249,500 | 1,107,300 | 1,208,500 | 975,100 | 963,500 | 1,001,700 | 1,339,600 | 1,061,900 | 1,002,600 | 1,041,500 | 1,251,600 |
| Total current liabilities | US$ in thousands | 949,600 | 1,001,900 | 1,060,600 | 1,001,600 | 1,063,100 | 1,100,500 | 1,056,100 | 1,014,400 | 1,051,700 | 1,016,000 | 931,100 | 823,900 | 772,500 | 818,900 | 750,600 | 682,800 | 749,000 | 694,200 | 710,200 | 705,300 |
| Current ratio | 1.65 | 1.50 | 1.48 | 1.76 | 1.47 | 1.42 | 1.38 | 1.52 | 1.24 | 1.23 | 1.19 | 1.47 | 1.26 | 1.18 | 1.33 | 1.96 | 1.42 | 1.44 | 1.47 | 1.77 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,569,000K ÷ $949,600K
= 1.65
The current ratio of Pentair plc has fluctuated over the past eight quarters, ranging from a low of 1.38 in Q2 2022 to a high of 1.76 in Q1 2023. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities, which is generally favorable.
The current ratio improved steadily from Q2 2022 to Q1 2023, reaching its peak at 1.76 in Q1 2023, indicating a stronger liquidity position. However, the ratio decreased slightly in Q2 and Q3 2023 but remained above 1.5, which is still considered healthy.
Overall, the current ratio of Pentair plc has shown resilience and a consistent ability to meet its short-term obligations with its current assets, reflecting a sound liquidity position. It is important for the company to continue monitoring and managing its current assets and liabilities to maintain a healthy current ratio in the future.
Peer comparison
Dec 31, 2023