UFP Technologies Inc (UFPT)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 194,945 | 144,633 | 116,346 | 87,320 | 71,864 |
| Total current liabilities | US$ in thousands | 76,295 | 58,209 | 55,961 | 38,783 | 15,137 |
| Current ratio | 2.56 | 2.48 | 2.08 | 2.25 | 4.75 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $194,945K ÷ $76,295K
= 2.56
The current ratio of UFP Technologies Inc has exhibited variations over the past five years. It decreased from 4.75 on December 31, 2020, to 2.25 on December 31, 2021, indicating a reduction in short-term liquidity. Despite a slight further decrease to 2.08 on December 31, 2022, the ratio improved in the subsequent years, reaching 2.48 on December 31, 2023, and 2.56 on December 31, 2024.
This trend suggests that UFP Technologies Inc has managed its current assets and liabilities more efficiently in the later years, enhancing its ability to meet short-term obligations. However, the ratio remains below the initial level observed in 2020. Further monitoring and analysis of the components contributing to the current ratio would be beneficial to assess the company's liquidity position accurately.
Peer comparison
Dec 31, 2024