Zurn Elkay Water Solutions Corporation (ZWS)
Current ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 722,100 | 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 |
| Total current liabilities | US$ in thousands | 247,800 | 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 |
| Current ratio | 2.91 | 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 |
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 shown fluctuation over the past few years, ranging from a low of 1.98 on December 31, 2021 to a high of 3.31 on March 31, 2024. Generally, a current ratio above 2 is considered healthy as it indicates that the company has more than enough current assets to cover its short-term liabilities.
The trend in the current ratio of Zurn Elkay Water Solutions Corporation has been somewhat volatile, with some periods showing a gradual increase (e.g., from December 31, 2021 to March 31, 2024) and others experiencing slight declines (e.g., September 30, 2020 to December 31, 2021).
Overall, the recent current ratio figures (3.02 on December 31, 2023 and 3.31 on March 31, 2024) indicate that the company is in a strong position to meet its short-term obligations with its current assets. Investors and creditors may find this trend favorable as it suggests the company's liquidity and ability to weather short-term financial challenges.
Peer comparison
Dec 31, 2024