Gibraltar Industries Inc (ROCK)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 651,332 | 462,251 | 423,937 | 446,967 | 425,460 |
| Total current liabilities | US$ in thousands | 254,862 | 225,578 | 215,320 | 286,990 | 302,240 |
| Current ratio | 2.56 | 2.05 | 1.97 | 1.56 | 1.41 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $651,332K ÷ $254,862K
= 2.56
The current ratio of Gibraltar Industries Inc has shown a consistent improvement over the years, starting at 1.41 in December 2020 and increasing to 2.56 by December 2024. This indicates that the company's current assets are more than sufficient to cover its current liabilities, reflecting a strong liquidity position. The upward trend in the current ratio suggests improved short-term financial health and the ability to meet its obligations efficiently. Overall, the increasing current ratio demonstrates Gibraltar Industries Inc's ability to manage its short-term financial obligations effectively and indicates a positive liquidity position over the years.
Peer comparison
Dec 31, 2024