Current Ratio

With a current ratio of 3.39x, IEX holds $3.39 in current assets for every $1 of short-term liabilities, indicating a strong ability to cover debts due within a year.

This ratio sits well above the sector median of 1.21x, placing IEX in the 91st percentile among its peers—meaning only 9% of sector companies have higher liquidity. Because the year-over-year change and quarter-over-quarter change are both listed as N/A, and there are no historical values beyond the single current figure, no trend direction can be assessed. The combination of a very high current-ratio level and the absence of trend data implies that while liquidity is currently ample, there is no information on whether it is improving or deteriorating, creating uncertainty for risk evaluation. This strong liquidity position supports the overall NEUTRAL verdict by confirming financial stability, but the lack of trend data prevents it from being a decisive factor, allowing other metrics to carry equal weight.

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