Standex International Corporation (SXI)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 430,095 | 419,153 | 435,999 | 420,047 | 483,253 | 460,775 | 400,925 | 384,867 | 378,998 | 410,644 | 397,379 | 376,317 | 374,366 | 350,794 | 327,116 | 314,852 | 331,997 | 360,481 | 342,612 | 324,382 |
| Total current liabilities | US$ in thousands | 127,565 | 122,348 | 130,542 | 131,657 | 140,967 | 130,587 | 132,415 | 124,418 | 150,768 | 141,739 | 138,010 | 135,170 | 143,709 | 131,941 | 117,886 | 114,397 | 122,877 | 136,803 | 145,274 | 134,712 |
| Current ratio | 3.37 | 3.43 | 3.34 | 3.19 | 3.43 | 3.53 | 3.03 | 3.09 | 2.51 | 2.90 | 2.88 | 2.78 | 2.61 | 2.66 | 2.77 | 2.75 | 2.70 | 2.64 | 2.36 | 2.41 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $430,095K ÷ $127,565K
= 3.37
The current ratio of Standex International Corporation has exhibited fluctuations over the past few quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
From December 2019 to September 2020, the current ratio ranged between 2.36 and 2.77, indicating the company had a moderate buffer to meet its short-term obligations during that period.
Starting in December 2020, there was an upward trend in the current ratio, reaching 3.43 by March 2023, which suggested an improvement in the company's liquidity position and its ability to meet short-term obligations comfortably.
However, the current ratio then declined to 2.51 by June 2022, signaling a potential strain on liquidity. This trend continued until March 2023, when the current ratio dropped to 2.90 before rebounding to 3.43 by March 2024.
Overall, the current ratio of Standex International Corporation has shown variability but generally stayed above 2, indicating the company has been able to cover its short-term obligations with its current assets. However, management should continue to monitor and maintain a healthy current ratio to ensure ongoing liquidity and financial stability.
Peer comparison
Jun 30, 2024