Valmont Industries Inc (VMI)
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 | 1,683,390 | 1,807,160 | 1,784,040 | 1,779,570 | 1,787,630 | 1,807,430 | 1,802,180 | 1,815,500 | 1,780,580 | 1,850,070 | 1,856,650 | 1,840,580 | 1,712,760 | 1,614,770 | 1,595,270 | 1,607,640 | 1,554,620 | 1,558,150 | 1,479,820 | 1,414,430 |
| Total current liabilities | US$ in thousands | 811,425 | 770,049 | 705,034 | 674,834 | 723,102 | 724,582 | 749,194 | 781,349 | 803,993 | 868,191 | 830,759 | 818,687 | 765,856 | 750,979 | 747,222 | 679,309 | 673,303 | 623,919 | 604,825 | 561,211 |
| Current ratio | 2.07 | 2.35 | 2.53 | 2.64 | 2.47 | 2.49 | 2.41 | 2.32 | 2.21 | 2.13 | 2.23 | 2.25 | 2.24 | 2.15 | 2.13 | 2.37 | 2.31 | 2.50 | 2.45 | 2.52 |
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 fluctuations over the past few years, ranging from a low of 2.07 as of December 31, 2024, to a high of 2.64 as of March 31, 2024. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a good sign of financial health. Valmont's current ratio has consistently stayed above 1, indicating that the company has been able to meet its short-term obligations.
The current ratio has generally been within the range of 2.07 to 2.64, which suggests that Valmont Industries Inc has a strong liquidity position and is capable of meeting its short-term obligations comfortably. However, it is important to monitor the trend of the current ratio over time to ensure the company can continue to manage its short-term liabilities effectively.
Peer comparison
Dec 31, 2024