Vulcan Materials Company (VMC)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,524,900 | 1,902,000 | 1,696,600 | 2,277,200 | 1,379,330 |
| Total current liabilities | US$ in thousands | 797,600 | 956,600 | 769,300 | 1,047,900 | 535,563 |
| Current ratio | 3.17 | 1.99 | 2.21 | 2.17 | 2.58 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,524,900K ÷ $797,600K
= 3.17
The current ratio of Vulcan Materials Co has shown fluctuation over the past five years. In 2023, the current ratio has increased significantly to 3.17 compared to 1.99 in 2022. This indicates that the company's current assets have increased substantially in relation to its current liabilities, suggesting a strong liquidity position.
The company's current ratio was relatively stable between 2021 and 2022, ranging from 2.17 to 2.21, which still indicates a healthy liquidity position during those years. However, in 2019, the current ratio was highest at 2.58, reflecting a slightly stronger liquidity position compared to the recent years.
Overall, the upward trend in Vulcan Materials Co's current ratio in 2023 suggests improved liquidity and the ability to meet short-term obligations more comfortably. It is essential to monitor this ratio over time to assess the company's ongoing ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023