Regal Beloit Corporation (RRX)
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 | 3,384,000 | 3,372,000 | 3,475,000 | 4,109,100 | 3,000,500 | 3,046,100 | 3,097,500 | 2,972,400 | 2,808,600 | 1,836,500 | 2,084,200 | 1,926,400 | 1,851,300 | 1,752,600 | 1,675,700 | 1,834,400 | 1,607,700 | 1,667,900 | 1,802,900 | 1,836,500 |
| Total current liabilities | US$ in thousands | 1,326,400 | 1,305,400 | 1,381,100 | 1,405,800 | 1,002,200 | 1,052,800 | 1,120,800 | 1,056,600 | 1,095,300 | 768,900 | 938,800 | 871,000 | 822,000 | 830,800 | 578,400 | 580,300 | 560,500 | 589,200 | 645,300 | 676,500 |
| Current ratio | 2.55 | 2.58 | 2.52 | 2.92 | 2.99 | 2.89 | 2.76 | 2.81 | 2.56 | 2.39 | 2.22 | 2.21 | 2.25 | 2.11 | 2.90 | 3.16 | 2.87 | 2.83 | 2.79 | 2.71 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,384,000K ÷ $1,326,400K
= 2.55
The current ratio of Regal Rexnord Corp has exhibited some fluctuations over the past eight quarters, ranging from a low of 2.52 in Q2 2023 to a high of 2.99 in Q4 2022. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered favorable.
Regal Rexnord Corp's current ratio has generally remained above 2 over the past eight quarters, indicating a strong ability to meet its short-term obligations. However, the slight fluctuations in the current ratio suggest some variability in the company's liquidity position. It is important to monitor trends in the current ratio over time to assess the company's liquidity management and financial health.
Peer comparison
Dec 31, 2023