Simpson Manufacturing Company Inc (SSD)
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 | 1,312,440 | 1,478,200 | 1,372,800 | 1,222,540 | 1,179,250 | 1,232,150 | 1,204,610 | 1,787,880 | 998,835 | 949,654 | 901,703 | 819,001 | 753,139 | 820,405 | 834,902 | 751,983 | 640,907 | 635,254 | 613,950 | 575,738 |
| Total current liabilities | US$ in thousands | 361,257 | 427,569 | 396,948 | 330,666 | 348,563 | 346,166 | 361,396 | 306,849 | 244,602 | 245,477 | 232,454 | 224,814 | 194,061 | 191,161 | 193,414 | 162,851 | 158,907 | 165,867 | 157,241 | 150,578 |
| Current ratio | 3.63 | 3.46 | 3.46 | 3.70 | 3.38 | 3.56 | 3.33 | 5.83 | 4.08 | 3.87 | 3.88 | 3.64 | 3.88 | 4.29 | 4.32 | 4.62 | 4.03 | 3.83 | 3.90 | 3.82 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,312,440K ÷ $361,257K
= 3.63
The current ratio of Simpson Manufacturing Co., Inc. has shown fluctuations over the past eight quarters. In Q4 2023, the current ratio was 3.63, indicating that the company had $3.63 in current assets for every $1 of current liabilities. This was an improvement compared to the previous quarter's current ratio of 3.46.
The highest current ratio in the provided data was observed in Q1 2022 at 5.83, reflecting a significant increase in the company's liquidity position. This high ratio suggests that Simpson Manufacturing Co., Inc. had a strong ability to cover its short-term obligations with the current assets available at that point in time.
On the other hand, in Q2 2022, the current ratio dropped to 3.33, the lowest among the data points provided. This could indicate potential liquidity challenges or a decrease in current assets relative to current liabilities during that period.
Overall, the trend of the current ratio for Simpson Manufacturing Co., Inc. has been relatively stable, with fluctuations within a reasonable range. It is important for the company to monitor its current ratio closely to ensure it maintains a healthy liquidity position to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023