Interface Inc (TILE)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | 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 | Jul 5, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 564,297 | 608,161 | 591,818 | 566,061 | 583,858 | 585,840 | 581,498 | 611,773 | 617,037 | 603,092 | 626,690 | 583,779 | 572,340 | 535,711 | 546,659 | 517,427 | 495,394 | 515,046 | 533,386 | 533,386 |
| Total current liabilities | US$ in thousands | 216,717 | 236,386 | 214,703 | 207,726 | 214,721 | 210,189 | 194,317 | 221,484 | 220,470 | 237,900 | 249,359 | 245,867 | 261,812 | 234,836 | 229,598 | 217,084 | 193,300 | 244,807 | 232,584 | 232,584 |
| Current ratio | 2.60 | 2.57 | 2.76 | 2.73 | 2.72 | 2.79 | 2.99 | 2.76 | 2.80 | 2.54 | 2.51 | 2.37 | 2.19 | 2.28 | 2.38 | 2.38 | 2.56 | 2.10 | 2.29 | 2.29 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $564,297K ÷ $216,717K
= 2.60
Interface Inc has maintained a relatively stable current ratio over the past few years, ranging from 2.10 to 2.99. 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, as it suggests the company has more current assets available to meet its short-term obligations.
Based on the data provided, Interface Inc's current ratio has shown some fluctuations, but generally remained above 2, indicating a healthy liquidity position. The ratio peaked at 2.99 on June 30, 2023, and dipped to its lowest point of 2.10 on September 30, 2020. Overall, the current ratio has trended upwards towards the end of the reporting period, reaching 2.60 on December 31, 2024. This suggests that the company may have improved its liquidity position and ability to address short-term financial obligations.
Peer comparison
Dec 31, 2024