Somnigroup International Inc. (SGI)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,065,400 | 1,103,200 | 1,195,200 | 1,275,600 | 968,400 |
| Total current liabilities | US$ in thousands | 960,300 | 908,200 | 981,200 | 1,053,400 | 974,800 |
| Current ratio | 1.11 | 1.21 | 1.22 | 1.21 | 0.99 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,065,400K ÷ $960,300K
= 1.11
The current ratio of Somnigroup International Inc. has shown a fluctuating trend over the past five years. Starting at 0.99 on December 31, 2020, the current ratio improved to 1.21 by December 31, 2021, and slightly increased to 1.22 by December 31, 2022. However, by the end of December 31, 2024, the current ratio dropped to 1.11.
A current ratio above 1 implies that the company's current assets exceed its current liabilities, indicating a healthy financial position. Despite the fluctuations, Somnigroup International Inc. has generally maintained a current ratio above 1, which suggests that it has sufficient short-term assets to cover its short-term obligations. Management should continue monitoring this ratio to ensure liquidity and financial stability in the future.
Peer comparison
Dec 31, 2024