Vontier Corp (VNT)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,370,000 | 1,332,500 | 1,385,000 | 1,478,200 | 1,182,100 |
| Total current liabilities | US$ in thousands | 909,200 | 955,300 | 929,900 | 933,400 | 838,300 |
| Current ratio | 1.51 | 1.39 | 1.49 | 1.58 | 1.41 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,370,000K ÷ $909,200K
= 1.51
The current ratio of Vontier Corp has shown a fluctuating trend over the past five years. As of December 31, 2020, the current ratio stood at 1.41, indicating that the company had $1.41 in current assets to cover each $1 in current liabilities.
Subsequently, the ratio improved to 1.58 by the end of 2021, reflecting a stronger liquidity position. However, in the following years, the current ratio fluctuated, reaching 1.49 in 2022, declining to 1.39 in 2023, and then slightly increasing to 1.51 in 2024.
Overall, the company has maintained a current ratio above 1 throughout the period, suggesting that it generally had sufficient current assets to meet its short-term obligations. However, the fluctuation in the ratio indicates some variability in the company's liquidity position over the years, which may warrant further investigation into the factors driving these changes.
Peer comparison
Dec 31, 2024