Trex Company Inc (TREX)
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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 318,908 | 352,718 | 433,814 | 513,366 | 172,254 | 273,067 | 369,444 | 459,483 | 286,842 | 245,400 | 319,249 | 437,162 | 401,054 | 413,020 | 376,951 | 410,082 | 321,997 | 342,900 | 331,084 | 321,879 |
| Total current liabilities | US$ in thousands | 342,477 | 251,218 | 244,401 | 369,191 | 91,062 | 182,306 | 322,797 | 447,765 | 290,599 | 180,675 | 138,823 | 143,020 | 88,702 | 156,008 | 171,556 | 235,625 | 106,353 | 110,109 | 111,769 | 116,950 |
| Current ratio | 0.93 | 1.40 | 1.78 | 1.39 | 1.89 | 1.50 | 1.14 | 1.03 | 0.99 | 1.36 | 2.30 | 3.06 | 4.52 | 2.65 | 2.20 | 1.74 | 3.03 | 3.11 | 2.96 | 2.75 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $318,908K ÷ $342,477K
= 0.93
Trex Company Inc's current ratio has shown some fluctuations over the past few years. It was relatively stable and strong between March 31, 2020, and December 31, 2021, ranging from 2.75 to 4.52. This indicates that the company had a comfortable level of current assets to cover its short-term liabilities during this period.
However, there was a notable decline in the current ratio starting from March 31, 2022, reaching a low of 0.93 by December 31, 2024. This downward trend suggests that the company may have been facing challenges in managing its short-term obligations with available current assets during this period.
Overall, Trex Company Inc's current ratio has experienced significant volatility, which could indicate potential liquidity issues or changes in the company's financial health. It would be important for stakeholders to closely monitor the company's ability to meet its short-term obligations in the future.
Peer comparison
Dec 31, 2024