Vector Group Ltd (VGR)
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 | 509,601 | 694,716 | 628,059 | 530,474 | 492,365 | 625,884 | 581,643 | 507,622 | 471,803 | 858,002 | 838,186 | 725,230 | 663,903 | 752,423 | 798,738 | 753,867 | 681,614 | 634,368 | 638,493 | 627,361 |
| Total current liabilities | US$ in thousands | 144,923 | 338,316 | 295,263 | 229,253 | 175,624 | 344,332 | 284,750 | 215,950 | 165,290 | 387,716 | 366,003 | 332,898 | 283,315 | 391,782 | 498,111 | 515,321 | 461,133 | 606,842 | 558,067 | 302,617 |
| Current ratio | 3.52 | 2.05 | 2.13 | 2.31 | 2.80 | 1.82 | 2.04 | 2.35 | 2.85 | 2.21 | 2.29 | 2.18 | 2.34 | 1.92 | 1.60 | 1.46 | 1.48 | 1.05 | 1.14 | 2.07 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $509,601K ÷ $144,923K
= 3.52
Vector Group Ltd's current ratio has shown fluctuations over the past eight quarters. The current ratio measures the company's ability to meet its short-term obligations using its current assets.
In Q4 2023, the current ratio improved significantly to 3.52, indicating that the company had $3.52 in current assets for every $1 of current liabilities. This suggests a strong liquidity position during that period.
Prior to Q4 2023, there were fluctuations in the current ratio, with values ranging from 1.82 to 2.80 over the past seven quarters. These levels still indicate a healthy ability to cover short-term liabilities, with the lowest point being 1.82 in Q3 2022.
Overall, the current ratio for Vector Group Ltd has generally been above 2, except for Q3 2022. Consistently maintaining a current ratio above 2 signifies that the company has more than enough current assets to cover its current liabilities, which is a positive indicator of financial stability.
It will be important to continue monitoring the current ratio to assess the company's ongoing liquidity position and ability to meet its short-term obligations effectively.
Peer comparison
Dec 31, 2023