Gibraltar Industries Inc (ROCK)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 462,251 | 423,937 | 446,967 | 425,460 | 437,102 |
| Total current liabilities | US$ in thousands | 225,578 | 215,320 | 286,990 | 302,240 | 229,197 |
| Current ratio | 2.05 | 1.97 | 1.56 | 1.41 | 1.91 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $462,251K ÷ $225,578K
= 2.05
The current ratio of Gibraltar Industries Inc. has shown an improving trend over the past five years. As of December 31, 2023, the current ratio stands at 2.05, indicating that the company holds $2.05 in current assets for every $1 in current liabilities. This suggests a healthy liquidity position and a strong ability to meet short-term obligations. Comparing this to the previous years, the company has steadily increased its current ratio from 1.91 in 2019 to 2.05 in 2023, reflecting a positive trend in managing its current assets and liabilities. Overall, a current ratio above 1 is considered favorable, and Gibraltar Industries Inc.'s current ratio indicates a solid financial position in terms of short-term liquidity.
Peer comparison
Dec 31, 2023