Reliance Steel & Aluminum Co (RS)
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 | 3,895,500 | 4,212,500 | 4,432,500 | 4,923,400 | 4,771,800 | 4,859,100 | 4,858,300 | 4,712,100 | 4,886,600 | 4,811,200 | 5,023,900 | 4,744,000 | 4,160,100 | 4,284,000 | 3,944,600 | 3,584,700 | 3,112,800 | 3,032,000 | 2,726,700 | 3,086,400 |
| Total current liabilities | US$ in thousands | 1,213,000 | 1,272,500 | 883,500 | 857,400 | 843,600 | 878,700 | 937,800 | 975,400 | 1,375,300 | 1,479,200 | 1,665,600 | 1,198,300 | 1,065,000 | 1,007,100 | 904,900 | 823,700 | 613,000 | 601,900 | 642,000 | 735,600 |
| Current ratio | 3.21 | 3.31 | 5.02 | 5.74 | 5.66 | 5.53 | 5.18 | 4.83 | 3.55 | 3.25 | 3.02 | 3.96 | 3.91 | 4.25 | 4.36 | 4.35 | 5.08 | 5.04 | 4.25 | 4.20 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,895,500K ÷ $1,213,000K
= 3.21
Reliance Steel & Aluminum Co's current ratio has shown fluctuations over the periods provided. From December 31, 2021, to March 31, 2022, there was a decline in the current ratio from 3.91 to 3.96. This indicates that the company's current assets were slightly more than its current liabilities during these periods.
A significant decrease is observed in the current ratio from June 30, 2022, to September 30, 2022, where it dropped from 3.02 to 3.25. This suggests that the company's ability to cover its short-term obligations with its current assets improved during this period.
However, from September 30, 2022, to December 31, 2022, there was an increase in the current ratio from 3.25 to 3.55, indicating a strengthening of the company's liquidity position.
The highest current ratio was observed on December 31, 2023, at 5.66, indicating a strong ability to cover short-term obligations. This trend continued into March 31, 2024, when the current ratio further increased to 5.74.
A significant decline in the current ratio occurred from June 30, 2024, to September 30, 2024, dropping from 5.02 to 3.31. This decrease suggests a potential strain on the company's ability to cover its short-term liabilities.
On December 31, 2024, the current ratio decreased further to 3.21, indicating a decline in the company's liquidity position compared to the previous period. Overall, the current ratio of Reliance Steel & Aluminum Co reflects fluctuations in its liquidity position over the provided periods.