Vontier Corp (VNT)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,332,500 | 1,385,000 | 1,478,200 | 1,182,100 |
| Total current liabilities | US$ in thousands | 955,300 | 929,900 | 933,400 | 838,300 |
| Current ratio | 1.39 | 1.49 | 1.58 | 1.41 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,332,500K ÷ $955,300K
= 1.39
The current ratio of Vontier Corporation has shown fluctuations over the past five years, ranging from 1.24 in 2019 to 1.58 in 2021. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position, as there are more current assets available to cover current liabilities.
In 2023, the current ratio of Vontier Corporation decreased to 1.39 from 1.49 in 2022. This decline may indicate a slight weakening in the company's short-term liquidity position. It suggests that Vontier may have fewer current assets available relative to its current liabilities compared to the previous year. However, it is important to note that a current ratio of 1.39 still indicates that the company has sufficient current assets to meet its short-term obligations.
Overall, while the current ratio of Vontier Corporation has fluctuated over the years, it has generally remained above 1.0, which is considered a healthy sign of liquidity. Investors and stakeholders should continue to monitor the company's current ratio to assess its short-term liquidity and financial health.
Peer comparison
Dec 31, 2023