Sensient Technologies Corporation (SXT)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 961,886 | 936,616 | 934,780 | 741,153 | 741,586 |
| Total current liabilities | US$ in thousands | 270,639 | 236,306 | 272,153 | 232,305 | 215,955 |
| Current ratio | 3.55 | 3.96 | 3.43 | 3.19 | 3.43 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $961,886K ÷ $270,639K
= 3.55
The current ratio for Sensient Technologies Corporation has shown a relatively stable trend over the past five years. As of December 31, 2020, the current ratio stood at 3.43, indicating the company had $3.43 in current assets for every $1 in current liabilities.
Subsequently, the ratio decreased slightly to 3.19 by December 31, 2021, suggesting a potential tightening of liquidity compared to the previous year. However, the following year saw an improvement as the current ratio returned to 3.43 by December 31, 2022, aligning with the ratio reported in 2020.
By December 31, 2023, the current ratio further improved to 3.96, indicating a stronger liquidity position compared to the previous years. This significant increase suggests the company had ample current assets to cover its short-term obligations, reflecting a favorable financial position.
Lastly, as of December 31, 2024, the current ratio decreased slightly to 3.55, still indicating a healthy liquidity position. Overall, Sensient Technologies Corporation has maintained a robust liquidity position over the years, with the ability to meet its short-term obligations comfortably.
Peer comparison
Dec 31, 2024