Trimble Inc (TRMB)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,270,400 | 1,830,900 | 1,518,200 | 1,450,600 | 1,281,400 |
| Total current liabilities | US$ in thousands | 1,788,000 | 1,829,300 | 1,462,100 | 1,188,600 | 1,311,300 |
| Current ratio | 1.27 | 1.00 | 1.04 | 1.22 | 0.98 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,270,400K ÷ $1,788,000K
= 1.27
The current ratio of Trimble Inc has shown fluctuations over the years based on the provided data.
- As of December 31, 2020, the current ratio was 0.98, indicating that the company had slightly more current liabilities than current assets, which may raise concerns about short-term liquidity.
- By December 31, 2021, the current ratio improved to 1.22, suggesting a better ability to cover its short-term obligations with current assets.
- However, in the following year, by December 31, 2022, the current ratio dropped to 1.04, which while still above 1, indicates a slight decrease in liquidity compared to the previous year.
- Then, by December 31, 2023, the current ratio decreased to 1.00, suggesting that the company had just enough current assets to cover its current liabilities, signaling a potential risk to liquidity.
- Finally, the current ratio increased to 1.27 as of December 31, 2024, indicating an improvement in the company's liquidity position, with more current assets available to cover its short-term obligations.
Overall, the analysis suggests that Trimble Inc has experienced varying levels of liquidity over the years, with improvements in some periods and potential risks in others. Monitoring the current ratio trend is essential for evaluating the company's short-term financial health.
Peer comparison
Dec 31, 2024