SPX Corp (SPXC)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 784,300 | 709,600 | 721,100 | 903,400 | 682,600 |
| Total current liabilities | US$ in thousands | 418,300 | 401,200 | 333,800 | 439,500 | 584,900 |
| Current ratio | 1.87 | 1.77 | 2.16 | 2.06 | 1.17 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $784,300K ÷ $418,300K
= 1.87
SPX Corp's current ratio has demonstrated fluctuations over the past five years. The ratio increased from 1.17 in December 31, 2020, to 2.06 in December 31, 2021, indicating an improvement in the company's short-term liquidity position. This improvement continued into December 31, 2022, with the current ratio further increasing to 2.16. However, by December 31, 2023, the current ratio experienced a decline to 1.77, signaling a potential decrease in the company's ability to meet its short-term obligations. In the most recent year, December 31, 2024, the current ratio slightly improved to 1.87, but it remains lower than the ratios observed in 2021 and 2022.
Overall, the current ratio trend of SPX Corp shows a mix of improvements and declines in its short-term liquidity position over the five-year period under review. Investors and analysts may need to further investigate the underlying reasons for these fluctuations to assess the company's financial health accurately.
Peer comparison
Dec 31, 2024