IEXNEUTRAL

IEX Current Ratio Analysis

3.05x

Updated 129h ago·SEC filings & market data

Key Takeaway

The current ratio of 3.05x means IEX has $3.05 in current assets for every $1 of current liabilities, showing it can cover short-term obligations without selling long-term assets.

Sector Performance

87th percentile

IEX

3.05x

Sector Median

1.26x

Sector Avg

2.61x

Prior Period

3.39x(Jul 2026)

↓ Declining

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Deep Analysis

The current ratio of 3.05x means IEX has $3.05 in current assets for every $1 of current liabilities, showing it can cover short-term obligations without selling long-term assets.

That is far above the sector median of 1.21x, placing the company in the 90th percentile among peers. The year-over-year change is N/A, but quarter-over-quarter the ratio fell 10.0%, from 3.39x to 3.05x. A high absolute level with a single quarterly decline suggests liquidity remains ample, yet the drop points to a possible shift in working capital management. For an investor, the level offers a margin of safety, while the decline adds mild caution about whether the cushion is eroding. This metric supports the overall NEUTRAL verdict: strong liquidity reduces downside risk, but the negative quarter-over-quarter change prevents a more positive skew.

Frequently Asked Questions

What does the Current Ratio tell investors about IEX?

Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.

How is the Current Ratio calculated?

Current Ratio is calculated as: Current Assets / Current Liabilities.

Who are IEX's closest peers by Current Ratio?

The closest peers by Current Ratio include: NWS (1.62x), ESTC (1.68x), DXCM (1.73x), GLW (1.81x), TEL (1.88x).

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Learn More About Current Ratio

Why Working Capital Management Matters More Than You Think

Working capital is more than current assets minus liabilities. Learn why working capital matters for liquidity, efficiency, and competitive advantage, with real data from AMZN, COST, HD, and XOM.

The Formula

Current Assets / Current Liabilities

Why It Matters

Measures short-term financial health. A ratio above 1.5 is generally healthy; below 1.0 may indicate liquidity stress.