Gibraltar Industries Inc (ROCK)
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 | 462,251 | 507,690 | 462,970 | 428,278 | 423,937 | 539,201 | 529,577 | 485,471 | 446,967 | 451,644 | 399,544 | 352,017 | 425,460 | 481,553 | 416,375 | 363,152 | 437,102 | 434,527 | 361,245 | 317,586 |
| Total current liabilities | US$ in thousands | 225,578 | 313,015 | 293,048 | 239,693 | 215,320 | 282,368 | 303,528 | 287,701 | 286,990 | 279,736 | 286,809 | 258,667 | 302,240 | 269,493 | 240,143 | 221,523 | 229,197 | 240,185 | 188,253 | 168,141 |
| Current ratio | 2.05 | 1.62 | 1.58 | 1.79 | 1.97 | 1.91 | 1.74 | 1.69 | 1.56 | 1.61 | 1.39 | 1.36 | 1.41 | 1.79 | 1.73 | 1.64 | 1.91 | 1.81 | 1.92 | 1.89 |
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 fluctuated over the past eight quarters, ranging from a low of 1.58 in Q2 2023 to a high of 2.05 in Q4 2023. Generally, the company has maintained a current ratio above 1, indicating that it has sufficient current assets to cover its current liabilities.
The upward trend in the current ratio from Q2 2023 to Q4 2023 suggests an improvement in the company's short-term liquidity position. However, it is important to note that a current ratio above 2 may indicate that the company is holding excess current assets that could be used more efficiently elsewhere.
Overall, the fluctuation in Gibraltar Industries Inc.'s current ratio warrants further investigation into the underlying factors driving these changes to assess the company's liquidity and financial health more comprehensively.
Peer comparison
Dec 31, 2023