Sturm Ruger & Company Inc (RGR)
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 | 271,395 | 273,960 | 268,061 | 263,977 | 361,838 | 351,026 | 334,077 | 336,253 | 328,733 | 308,859 | 285,643 | 252,248 | 234,373 | 212,974 | 294,939 | 264,618 | 249,316 | 229,925 | 220,485 | 226,717 |
| Total current liabilities | US$ in thousands | 63,195 | 61,187 | 59,894 | 61,594 | 163,067 | 60,202 | 54,495 | 66,177 | 77,109 | 80,387 | 77,729 | 73,045 | 81,761 | 67,392 | 76,313 | 62,492 | 61,244 | 48,712 | 42,976 | 55,567 |
| Current ratio | 4.29 | 4.48 | 4.48 | 4.29 | 2.22 | 5.83 | 6.13 | 5.08 | 4.26 | 3.84 | 3.67 | 3.45 | 2.87 | 3.16 | 3.86 | 4.23 | 4.07 | 4.72 | 5.13 | 4.08 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $271,395K ÷ $63,195K
= 4.29
The current ratio of Sturm, Ruger & Co., Inc. has shown fluctuations over the past eight quarters. The current ratio provides insight into the company's ability to cover its short-term liabilities with its current assets.
In Q4 2023, the current ratio stands at 4.29, indicating that the company has $4.29 in current assets for every $1 in current liabilities. This ratio has decreased compared to the previous quarter (Q3 2023) where it was 4.48, but remains relatively strong.
Looking back over the past eight quarters, there is a clear upward trend in the current ratio from Q1 2022 to Q3 2022, reaching a peak of 6.13. However, there was a significant drop in Q4 2022 to 2.22 before recovering in subsequent quarters.
Overall, the current ratio of Sturm, Ruger & Co., Inc. has demonstrated variability but generally reflects a healthy liquidity position, with the company having a strong ability to meet its short-term obligations using its current assets. It is important for investors and stakeholders to continue monitoring this ratio to ensure the company's liquidity remains stable over time.
Peer comparison
Dec 31, 2023