Vontier Corp (VNT)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,332,500 | 1,303,200 | 1,276,200 | 1,339,500 | 1,385,000 | 1,340,000 | 1,345,900 | 1,257,100 | 1,478,200 | 1,321,100 | 1,469,700 | 1,411,200 |
| Total current liabilities | US$ in thousands | 955,300 | 867,700 | 846,200 | 883,100 | 929,900 | 875,300 | 850,100 | 848,300 | 933,400 | 872,300 | 778,700 | 798,200 |
| Current ratio | 1.39 | 1.50 | 1.51 | 1.52 | 1.49 | 1.53 | 1.58 | 1.48 | 1.58 | 1.51 | 1.89 | 1.77 |
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 exhibited a slight decline in recent quarters, standing at 1.39 in Q4 2023 compared to 1.50 in Q3 2023. While the ratio has shown fluctuations over the past year, ranging from 1.48 to 1.58, it has generally remained above 1, indicating that the company has sufficient current assets to cover its current liabilities.
The downward trend observed in the current ratio may raise concerns about the company's liquidity position and ability to meet its short-term obligations. However, it is essential to consider other factors such as industry norms, seasonal variations, and specific business circumstances when evaluating the adequacy of Vontier Corporation's current assets in relation to its current liabilities. Further analysis focusing on the composition of current assets and liabilities is recommended to provide a more comprehensive assessment of the company's liquidity and financial health.
Peer comparison
Dec 31, 2023