Arcosa Inc (ACA)
Current ratio
| 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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 912,000 | 951,500 | 975,100 | 912,900 | 856,800 | 922,800 | 871,300 | 841,600 | 767,900 | 810,900 | 784,000 | 697,800 | 664,900 | 740,600 | 705,900 | 772,000 | 757,200 | 674,400 | 622,900 | 617,800 |
| Total current liabilities | US$ in thousands | 431,200 | 405,100 | 420,800 | 380,400 | 367,700 | 423,400 | 416,400 | 403,700 | 364,000 | 389,400 | 353,000 | 312,200 | 310,300 | 312,200 | 285,900 | 279,000 | 284,000 | 223,800 | 203,100 | 245,800 |
| Current ratio | 2.12 | 2.35 | 2.32 | 2.40 | 2.33 | 2.18 | 2.09 | 2.08 | 2.11 | 2.08 | 2.22 | 2.24 | 2.14 | 2.37 | 2.47 | 2.77 | 2.67 | 3.01 | 3.07 | 2.51 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $912,000K ÷ $431,200K
= 2.12
Arcosa Inc's current ratio has fluctuated over the past eight quarters, ranging from a low of 2.08 in Q1 2022 to a high of 2.40 in Q1 2023. The current ratio measures the company's ability to cover its short-term obligations with its current assets, with a higher ratio indicating a stronger liquidity position.
The current ratio has generally been above 2 throughout the periods presented, signifying that Arcosa Inc has had a sufficient level of current assets to meet its short-term liabilities. The ratio saw an improvement in Q1 2023 compared to the previous quarter, reflecting an increase in current assets relative to current liabilities.
Although there have been some fluctuations, the overall trend in Arcosa Inc's current ratio suggests a consistent and healthy liquidity position over the past two years. However, it is important for investors and stakeholders to continue monitoring this ratio to ensure the company maintains its ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023