Gibraltar Industries Inc (ROCK)
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 | 651,332 | 642,291 | 591,865 | 530,719 | 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 |
| Total current liabilities | US$ in thousands | 254,862 | 306,593 | 285,485 | 263,599 | 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 |
| Current ratio | 2.56 | 2.09 | 2.07 | 2.01 | 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 |
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 fluctuations over the past several quarters, ranging from 1.36 to 2.56. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting its ability to meet its short-term obligations.
The trend of the current ratio indicates that the company saw a decline in liquidity from the end of 2020 through mid-2021, with a low of 1.36 in March 2021. However, the current ratio improved steadily from the middle of 2021 through the end of 2024, reaching a peak of 2.56 in December 2024.
The recent upward trend in the current ratio suggests that Gibraltar Industries Inc has strengthened its liquidity position and may be better equipped to handle its short-term financial obligations. However, it is essential to keep monitoring this ratio to ensure the company maintains a healthy balance between current assets and current liabilities in the future.
Peer comparison
Dec 31, 2024