Trimble Inc (TRMB)
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 | 2,270,400 | 2,310,700 | 1,965,100 | 1,840,100 | 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 |
| Total current liabilities | US$ in thousands | 1,788,000 | 1,986,600 | 1,977,900 | 1,835,600 | 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 |
| Current ratio | 1.27 | 1.16 | 0.99 | 1.00 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,270,400K ÷ $1,788,000K
= 1.27
Trimble Inc's current ratio has shown some fluctuations over the past several quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
From March 31, 2020, to September 30, 2021, the current ratio was below 1, indicating that Trimble Inc may have had difficulty meeting its short-term obligations with its current assets during this period. However, starting from March 31, 2021, the current ratio improved and remained above 1, indicating a healthier position with the ability to cover short-term liabilities with current assets.
The current ratio peaked at 1.51 on March 31, 2023, suggesting strong liquidity and the ability to comfortably cover short-term obligations. However, there was a slight dip in the current ratio in the following quarter, ending June 30, 2023.
Overall, the current ratio for Trimble Inc has been relatively stable and has shown an improving trend in recent quarters, indicating a strengthened liquidity position and the ability to meet short-term obligations with current assets.
Peer comparison
Dec 31, 2024