Regal Beloit Corporation (RRX)
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 | 2,751,300 | 2,955,500 | 3,001,900 | 3,265,600 | 3,384,000 | 3,372,000 | 3,475,000 | 4,109,100 | 3,000,500 | 3,046,100 | 3,097,500 | 2,972,400 | 2,722,800 | 1,836,500 | 2,084,200 | 1,926,400 | 1,851,300 | 1,752,600 | 1,675,700 | 1,834,400 |
| Total current liabilities | US$ in thousands | 1,215,700 | 1,208,600 | 1,226,900 | 1,248,500 | 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 |
| Current ratio | 2.26 | 2.45 | 2.45 | 2.62 | 2.55 | 2.58 | 2.52 | 2.92 | 2.99 | 2.89 | 2.76 | 2.81 | 2.49 | 2.39 | 2.22 | 2.21 | 2.25 | 2.11 | 2.90 | 3.16 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,751,300K ÷ $1,215,700K
= 2.26
Regal Beloit Corporation's current ratio has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets.
From March 31, 2020, to March 31, 2021, the current ratio ranged between 3.16 and 2.21. This indicates a relatively strong liquidity position during this period. However, from June 30, 2021, to September 30, 2022, the current ratio slightly decreased, ranging from 2.22 to 2.89, before stabilizing around 2.76 to 2.99 from December 31, 2022, to September 30, 2024.
Overall, despite some fluctuations, Regal Beloit Corporation has maintained a current ratio above 2, reflecting a healthy liquidity position, with the ability to cover its short-term obligations comfortably with its short-term assets. It is important for the company to monitor and manage its current assets and liabilities effectively to ensure continued liquidity and financial stability.
Peer comparison
Dec 31, 2024