SPX Corp (SPXC)
Current ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 709,600 | 768,600 | 739,000 | 819,800 | 721,100 | 837,700 | 778,600 | 815,500 | 903,400 | 1,046,500 | 901,400 | 695,500 | 675,100 | 648,600 | 769,000 | 744,000 | 632,100 | 563,100 | 545,500 | 553,700 |
| Total current liabilities | US$ in thousands | 401,200 | 493,700 | 489,600 | 393,900 | 333,800 | 374,400 | 368,200 | 393,900 | 439,500 | 477,500 | 707,600 | 586,800 | 572,100 | 562,200 | 704,000 | 702,100 | 608,600 | 466,800 | 466,600 | 495,000 |
| Current ratio | 1.77 | 1.56 | 1.51 | 2.08 | 2.16 | 2.24 | 2.11 | 2.07 | 2.06 | 2.19 | 1.27 | 1.19 | 1.18 | 1.15 | 1.09 | 1.06 | 1.04 | 1.21 | 1.17 | 1.12 |
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, ranging from a low of 1.04 in March 2020 to a high of 2.24 in September 2022. The ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities.
The ratio was above 2 in several periods, including September 2022 and December 2022, suggesting a strong ability to meet short-term obligations. However, in some quarters, such as June 2021 and March 2020, the ratio dropped below 1.2, indicating potential liquidity challenges in those periods.
Overall, the trend shows some variability in the company's liquidity position, though it generally demonstrates a healthy ability to cover short-term obligations with current assets. It would be important to further investigate the reasons behind the fluctuations to assess the company's ongoing liquidity management.
Peer comparison
Dec 31, 2023