As of May 22, 2025, Tennant Co (TNC) reports a Current Ratio of 1.97.
Current Ratio assesses a company's ability to pay short-term debts by comparing liquid assets to liabilities, with higher ratios signaling better financial health.
Historical Trend of Tennant Co's Current Ratio
Over recent years, Tennant Co's Current Ratio has shown a stable trend. The table below summarizes the historical values:
| Date | Current Ratio |
|---|---|
| 2024-12-31 | 1.97 |
| 2023-12-31 | 2.08 |
| 2022-12-31 | 2.20 |
| 2021-12-31 | 1.81 |
| 2020-12-31 | 1.94 |
This slight downward trend highlights how Tennant Co manages its short-term assets and liabilities over time.
Comparing Tennant Co's Current Ratio to Peers
To better understand Tennant Co's position, it's useful to compare its Current Ratio against industry peers. Below are selected comparisons:
| Company | Current Ratio |
|---|---|
| Tennant Co (TNC) | 1.97 |
| Proto Labs Inc (PRLB) | 3.66 |
| Standex International Corp (SXI) | 3.37 |
| Mueller Water Products Inc (MWA) | 3.33 |
| Albany International Corp (AIN) | 3.23 |
| Enerpac Tool Group Corp (EPAC) | 2.88 |
Compared to its competitors, Tennant Co's Current Ratio is about average compared to peers, reflecting balanced short-term asset management.