Zurn Elkay Water Solutions Corporation (ZWS)
Current ratio
| Sep 30, 2024 | Mar 31, 2024 | 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 755,100 | 696,500 | 667,800 | 721,300 | 688,900 | 681,800 | 757,500 | 800,500 | 588,400 | 520,100 | 474,800 | 1,262,700 | 1,144,900 | 1,013,000 | 1,015,500 | 1,015,300 | 1,264,300 | 968,600 | 1,013,500 | 969,400 |
| Total current liabilities | US$ in thousands | 279,200 | 210,600 | 220,900 | 229,800 | 231,500 | 229,600 | 289,300 | 328,700 | 241,200 | 214,500 | 240,400 | 420,700 | 382,700 | 356,300 | 360,000 | 403,000 | 455,500 | 347,300 | 344,800 | 354,300 |
| Current ratio | 2.70 | 3.31 | 3.02 | 3.14 | 2.98 | 2.97 | 2.62 | 2.44 | 2.44 | 2.42 | 1.98 | 3.00 | 2.99 | 2.84 | 2.82 | 2.52 | 2.78 | 2.79 | 2.94 | 2.74 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $755,100K ÷ $279,200K
= 2.70
The current ratio of Zurn Elkay Water Solutions Corporation has shown some fluctuations over the past few quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio is generally preferred as it indicates a stronger ability to meet short-term obligations.
Based on the data provided, the current ratio has ranged from a low of 1.98 to a high of 3.31 over the past few quarters. In the most recent quarter, the current ratio stands at 2.70, which indicates that the company has $2.70 in current assets for every $1 in current liabilities.
The trend in the current ratio shows some variability, with some quarters exhibiting a stronger ability to cover short-term obligations compared to others. It is important to note that a current ratio above 2 is generally considered healthy, as it suggests that the company has sufficient current assets to meet its short-term liabilities.
Overall, while the current ratio of Zurn Elkay Water Solutions Corporation has fluctuated, it has generally been above 2 in recent quarters, which indicates a reasonable level of liquidity and ability to meet short-term obligations. However, management should continue to monitor and manage the company's current assets and liabilities to ensure a healthy current ratio in the future.
Peer comparison
Sep 30, 2024