Valmont Industries Inc (VMI)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,683,390 | 1,787,630 | 1,780,580 | 1,712,760 | 1,554,620 |
| Total current liabilities | US$ in thousands | 811,425 | 723,102 | 803,993 | 765,856 | 673,303 |
| Current ratio | 2.07 | 2.47 | 2.21 | 2.24 | 2.31 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,683,390K ÷ $811,425K
= 2.07
The current ratio of Valmont Industries Inc has shown a generally stable trend over the past five years. Starting at 2.31 in December 31, 2020, the ratio declined slightly to 2.24 by December 31, 2021, and further decreased to 2.21 by December 31, 2022. However, there was a notable improvement in the current ratio to 2.47 by December 31, 2023, indicating a stronger short-term liquidity position. This improvement was followed by a decline to 2.07 by December 31, 2024.
Overall, with a current ratio consistently above 2 for most of the period, Valmont Industries Inc has generally maintained a healthy liquidity position, with sufficient current assets to cover its current liabilities. However, the slight fluctuations in the ratio over the years may suggest changes in the company's liquidity management or operational efficiency. Further analysis of the components of current assets and liabilities may provide more insights into the company's short-term financial health.
Peer comparison
Dec 31, 2024