SPX Corp (SPXC)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 709,600 | 721,100 | 903,400 | 675,100 | 632,100 |
| Total current liabilities | US$ in thousands | 401,200 | 333,800 | 439,500 | 572,100 | 608,600 |
| Current ratio | 1.77 | 2.16 | 2.06 | 1.18 | 1.04 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $709,600K ÷ $401,200K
= 1.77
The current ratio of SPX Corp has exhibited fluctuations over the past five years. The ratio decreased from 1.04 in 2019 to 1.18 in 2020, indicating a liquidity improvement. This trend continued in 2021 with a current ratio of 2.06, demonstrating a significant enhancement in liquidity. However, there was a slight decrease in the current ratio to 2.16 in 2022. The most recent data as of December 31, 2023, shows a current ratio of 1.77, indicating a decrease in liquidity compared to the previous year. Overall, while the current ratio has been volatile, it generally indicates that the company has been able to efficiently meet its short-term liabilities with its current assets, although the latest decrease should be closely monitored for potential impacts on the company's liquidity position.
Peer comparison
Dec 31, 2023