Trimble Inc (TRMB)

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 1,830,900 1,690,500 1,462,200 2,238,900 1,518,200 1,435,300 1,475,000 1,565,500 1,450,600 1,560,500 1,494,500 1,260,000 1,281,400 1,100,600 1,120,000 1,192,600 1,211,800 1,061,800 1,121,400 1,147,800
Total current liabilities US$ in thousands 1,829,300 1,338,000 1,301,100 1,480,900 1,462,100 1,445,000 1,449,500 1,247,000 1,188,600 1,141,200 1,168,500 1,151,600 1,311,300 1,191,500 1,170,500 1,226,900 1,190,300 1,059,300 1,075,200 1,090,000
Current ratio 1.00 1.26 1.12 1.51 1.04 0.99 1.02 1.26 1.22 1.37 1.28 1.09 0.98 0.92 0.96 0.97 1.02 1.00 1.04 1.05

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,830,900K ÷ $1,829,300K
= 1.00

The current ratio of Trimble Inc has fluctuated over the past five years, indicating varying levels of liquidity and ability to meet short-term obligations. As of Dec 31, 2023, the current ratio is at 1.00, which suggests that the company may have just enough current assets to cover its current liabilities.

The trend in the current ratio shows some instability, with the ratio dropping below 1 in Dec 2020, indicating potential liquidity concerns at that time. However, there has been some improvement since then, with the ratio hovering around 1.00 to 1.51 in the recent quarters.

Overall, a current ratio of around 1.00 to 1.26 over the past quarters indicates that Trimble Inc has maintained a relatively stable liquidity position, but there may be room for improvement to ensure a more comfortable buffer to cover short-term obligations. Further monitoring and analysis of the company's working capital management practices would be beneficial for assessing its financial health.


Peer comparison

Dec 31, 2023