Somnigroup International Inc. (SGI)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,103,200 | 1,195,200 | 1,275,600 | 968,400 | 900,200 |
| Total current liabilities | US$ in thousands | 908,200 | 981,200 | 1,053,400 | 974,800 | 773,300 |
| Current ratio | 1.21 | 1.22 | 1.21 | 0.99 | 1.16 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,103,200K ÷ $908,200K
= 1.21
The current ratio of Somnigroup International Inc. has shown fluctuations over the past five years, ranging from 0.99 to 1.22. A current ratio below 1 indicates that the company may have difficulties meeting its short-term obligations with its current assets. However, the current ratio improved from 2020 to 2023, reaching a peak of 1.22 in December 2022. This suggests that the company's liquidity position strengthened during this period, as it had more current assets relative to current liabilities. Overall, a current ratio above 1 indicates a healthy liquidity position, but it is essential to monitor trends over time to ensure the company can efficiently meet its short-term financial obligations.
Peer comparison
Dec 31, 2023