Tempur Sealy International Inc (TPX)
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 | 1,103,200 | 1,247,700 | 1,254,100 | 1,270,600 | 1,195,200 | 1,276,400 | 1,305,200 | 1,218,800 | 1,275,600 | 1,482,800 | 925,700 | 1,214,300 | 968,400 | 1,148,100 | 945,500 | 1,046,400 | 900,200 | 960,500 | 891,700 | 853,000 |
| Total current liabilities | US$ in thousands | 908,200 | 1,058,900 | 1,006,700 | 1,022,800 | 981,200 | 1,077,900 | 1,057,100 | 1,101,100 | 1,053,400 | 1,159,400 | 858,300 | 895,700 | 974,800 | 1,026,700 | 1,001,700 | 750,400 | 773,300 | 848,000 | 738,700 | 725,500 |
| Current ratio | 1.21 | 1.18 | 1.25 | 1.24 | 1.22 | 1.18 | 1.23 | 1.11 | 1.21 | 1.28 | 1.08 | 1.36 | 0.99 | 1.12 | 0.94 | 1.39 | 1.16 | 1.13 | 1.21 | 1.18 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,103,200K ÷ $908,200K
= 1.21
Tempur Sealy International Inc's current ratio has shown relatively stable and healthy trends over the last eight quarters. The current ratio remained consistently above 1, indicating that the company had more current assets than current liabilities to cover its short-term obligations.
The highest current ratio was observed in Q2 2023 at 1.25, suggesting strong short-term liquidity during that period. Conversely, the lowest current ratio was recorded in Q1 2022 at 1.11, highlighting a slightly weaker liquidity position compared to other quarters.
Overall, the average current ratio for the eight quarters was 1.2, indicating that Tempur Sealy International Inc generally maintained a solid ability to meet its short-term financial obligations. This trend suggests that the company has effectively managed its current assets and liabilities to support its operations and liquidity position.
Peer comparison
Dec 31, 2023