Sensient Technologies Corporation (SXT)

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	936,616	945,154	968,691	959,892	934,780	880,740	821,526	783,358	741,153	738,961	708,068	737,158	741,586	752,549	738,316	764,745	788,213	792,361	812,087	826,296
Total current liabilities	US$ in thousands	236,306	223,817	222,646	234,651	272,153	255,425	263,916	214,383	232,305	224,365	196,416	198,773	215,955	212,037	213,237	200,637	201,375	192,191	194,669	197,452
Current ratio		3.96	4.22	4.35	4.09	3.43	3.45	3.11	3.65	3.19	3.29	3.60	3.71	3.43	3.55	3.46	3.81	3.91	4.12	4.17	4.18

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $936,616K ÷ $236,306K
= 3.96

The current ratio of Sensient Technologies Corp. has exhibited a consistently healthy trend over the past eight quarters, ranging from 3.11 to 4.35. The company's current assets have consistently exceeded its current liabilities, indicating a strong ability to cover short-term obligations.

The current ratio increased steadily from Q1 2022 to Q3 2023, peaking at 4.35 in Q2 2023, before experiencing a slight decline to 3.96 in Q4 2023. Despite this decline, the current ratio remains well above the industry average and signifies a robust liquidity position for Sensient Technologies Corp.

Overall, the company's current ratio indicates a solid financial position and ability to meet its short-term liabilities comfortably.