SPX Corp (SPXC)
Current ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 784,300 | 827,600 | 808,700 | 779,600 | 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 | 682,600 | 648,600 | 769,000 | 744,000 |
| Total current liabilities | US$ in thousands | 418,300 | 446,300 | 633,300 | 694,800 | 401,200 | 493,700 | 489,600 | 393,900 | 333,800 | 374,400 | 368,200 | 393,900 | 439,500 | 477,500 | 707,600 | 586,800 | 584,900 | 562,200 | 704,000 | 702,100 |
| Current ratio | 1.87 | 1.85 | 1.28 | 1.12 | 1.77 | 1.56 | 1.51 | 2.08 | 2.16 | 2.24 | 2.11 | 2.07 | 2.06 | 2.19 | 1.27 | 1.19 | 1.17 | 1.15 | 1.09 | 1.06 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $784,300K ÷ $418,300K
= 1.87
The current ratio of SPX Corp has shown fluctuations over the analyzed period, ranging from a low of 1.06 on March 31, 2020, to a high of 2.24 on September 30, 2022. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities, which is favorable for meeting short-term obligations.
The ratio improved consistently from March 2021 to September 2022, indicating strengthened liquidity position and ability to cover short-term liabilities. The peak ratio of 2.24 on September 30, 2022, suggests strong liquidity and financial health. However, the ratio dipped to 1.12 on March 31, 2024, which may raise concerns about the company's ability to cover short-term obligations with current assets.
It is essential to further investigate the reasons behind the fluctuations in the current ratio to assess the effectiveness of SPX Corp's working capital management and overall financial stability.
Peer comparison
Dec 31, 2024