Zurn Elkay Water Solutions Corporation (ZWS)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 722,100 | 667,800 | 757,500 | 474,800 | 1,264,300 |
| Total current liabilities | US$ in thousands | 247,800 | 220,900 | 289,300 | 240,400 | 455,500 |
| Current ratio | 2.91 | 3.02 | 2.62 | 1.98 | 2.78 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $722,100K ÷ $247,800K
= 2.91
The current ratio of Zurn Elkay Water Solutions Corporation has displayed fluctuations over the past years. As of December 31, 2021, the current ratio stood at 1.98, indicating that the company may have had difficulties meeting its short-term obligations with its current assets in that period. However, there was an improvement by December 31, 2022, with the current ratio increasing to 2.62, suggesting a better ability to cover short-term liabilities. This trend continued, as by December 31, 2023, the current ratio further improved to 3.02, reflecting a robust liquidity position. Despite a slight decrease to 2.91 by December 31, 2024, the current ratio remains above 2, indicating that the company still maintains an adequate ability to meet its short-term obligations with its current assets.
Peer comparison
Dec 31, 2024