Valmont Industries Inc (VMI)
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 | 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 | 1,432,220 | 1,388,400 | 1,348,000 | 1,298,900 |
| Total current liabilities | US$ in thousands | 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 | 513,779 | 530,947 | 497,301 | 440,839 |
| Current ratio | 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 | 2.79 | 2.61 | 2.71 | 2.95 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,787,630K ÷ $723,102K
= 2.47
The current ratio of Valmont Industries Inc has fluctuated over the past several quarters, ranging from a low of 2.13 in September 2022 to a high of 2.79 in December 2019. Generally, the company has maintained a current ratio above 2, indicating that it has a sufficient level of current assets to cover its short-term liabilities.
Overall, the current ratio has shown stability within a reasonable range, suggesting that Valmont Industries Inc has been effectively managing its liquidity position. A current ratio above 2 is generally considered healthy, as it indicates the company can easily meet its short-term obligations without relying heavily on external financing. However, it is important to monitor fluctuations in the current ratio over time to ensure the company's liquidity position remains strong.
Peer comparison
Dec 31, 2023