Pool Corporation (POOL)
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 | 1,729,110 | 1,740,700 | 2,005,810 | 2,136,620 | 1,815,360 | 1,832,520 | 2,097,060 | 2,305,200 | 2,018,990 | 2,199,480 | 2,470,480 | 2,398,760 | 1,769,080 | 1,626,400 | 1,557,400 | 1,517,300 | 1,121,930 | 1,066,680 | 1,137,150 | 1,238,380 |
Total current liabilities | US$ in thousands | 844,186 | 726,915 | 807,373 | 1,136,180 | 770,766 | 709,120 | 771,740 | 977,420 | 675,714 | 737,260 | 891,035 | 958,448 | 744,416 | 722,136 | 697,734 | 843,342 | 483,249 | 482,518 | 552,116 | 652,290 |
Current ratio | 2.05 | 2.39 | 2.48 | 1.88 | 2.36 | 2.58 | 2.72 | 2.36 | 2.99 | 2.98 | 2.77 | 2.50 | 2.38 | 2.25 | 2.23 | 1.80 | 2.32 | 2.21 | 2.06 | 1.90 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,729,110K ÷ $844,186K
= 2.05
The current ratio of Pool Corporation has shown fluctuations over the past few years, ranging from a low of 1.80 to a high of 2.99. The ratio measures the company's ability to meet its short-term obligations with its current assets, with a higher ratio indicating stronger liquidity.
During the period under review, the current ratio generally trended upwards, reaching its peak of 2.99 as of December 31, 2022. This suggests that Pool Corporation had a comfortable cushion of current assets to cover its current liabilities at that time. However, the ratio dipped in the following periods, dropping to 1.88 by March 31, 2024.
The fluctuations in the current ratio could be attributed to changes in the company's current assets and liabilities. A thorough analysis of the components of current assets and liabilities would be needed to provide a more detailed explanation for the changes observed in the current ratio over the period. Overall, maintaining a current ratio above 2 indicates that Pool Corporation has generally been in a strong position to meet its short-term obligations with its current assets.