Interface Inc (TILE)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 564,297 | 583,858 | 617,037 | 572,340 | 495,394 |
| Total current liabilities | US$ in thousands | 216,717 | 214,721 | 220,470 | 261,812 | 193,300 |
| Current ratio | 2.60 | 2.72 | 2.80 | 2.19 | 2.56 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $564,297K ÷ $216,717K
= 2.60
Interface Inc has shown a stable current ratio over the past five years, ranging from 2.19 to 2.80. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a stronger liquidity position, suggesting that Interface Inc has sufficient current assets to meet its short-term obligations. Despite minor fluctuations, the current ratio has generally been above 2, reflecting a healthy liquidity position for the company. This indicates that Interface Inc has been effectively managing its short-term financial obligations and maintaining a comfortable cushion of current assets to support its operations.
Peer comparison
Dec 31, 2024