Somnigroup International Inc. (SGI)
Current ratio
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,155,300 | 1,161,700 | 1,161,900 | 1,103,200 | 1,247,700 | 1,254,100 | 1,270,600 | 1,195,200 | 1,276,400 | 1,305,200 | 1,218,800 | 1,275,600 | 1,482,800 | 925,700 | 1,214,300 | 968,400 | 1,148,100 | 945,500 | 1,046,400 | 900,200 |
| Total current liabilities | US$ in thousands | 1,011,800 | 957,800 | 958,200 | 908,200 | 1,058,900 | 1,006,700 | 1,022,800 | 981,200 | 1,077,900 | 1,057,100 | 1,101,100 | 1,053,400 | 1,159,400 | 858,300 | 895,700 | 974,800 | 1,026,700 | 1,001,700 | 750,400 | 773,300 |
| Current ratio | 1.14 | 1.21 | 1.21 | 1.21 | 1.18 | 1.25 | 1.24 | 1.22 | 1.18 | 1.23 | 1.11 | 1.21 | 1.28 | 1.08 | 1.36 | 0.99 | 1.12 | 0.94 | 1.39 | 1.16 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,155,300K ÷ $1,011,800K
= 1.14
The current ratio of Somnigroup International Inc. has shown fluctuations over the period analyzed. Starting at 1.16 on December 31, 2019, it increased to 1.39 on March 31, 2020, indicating an improvement in the company's short-term liquidity position. However, the ratio decreased to 0.94 on June 30, 2020, raising concerns about the company's ability to meet its short-term obligations.
Since then, the current ratio has shown some volatility, with fluctuations between 0.99 and 1.36 until March 31, 2021. From June 30, 2021, the ratio moved towards a more stable range, staying mostly above 1.00, which indicates a healthier liquidity position. The ratio ranged between 1.08 and 1.28 until September 30, 2021, suggesting the company's ability to cover its short-term liabilities with current assets.
From December 31, 2021, to September 30, 2024, the current ratio fluctuated between 1.11 and 1.25, showing a relatively stable liquidity position and an ability to meet short-term obligations comfortably. Overall, the current ratio trend reflects varying levels of liquidity throughout the period, with the company generally maintaining a satisfactory liquidity position.
Peer comparison
Sep 30, 2024