ACI Worldwide Inc (ACIW)

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	1,406,640	1,226,710	1,028,500	954,036	1,114,800	1,210,960	1,045,800	1,009,730	937,434	1,011,540	985,230	956,252	1,154,910	870,331	852,407	806,446	920,376	1,004,890	1,121,980	514,217
Total current liabilities	US$ in thousands	1,037,250	945,630	781,866	700,910	858,842	997,974	845,002	813,612	754,155	803,485	766,459	716,119	905,605	590,182	580,459	556,356	611,950	734,880	870,249	260,377
Current ratio		1.36	1.30	1.32	1.36	1.30	1.21	1.24	1.24	1.24	1.26	1.29	1.34	1.28	1.47	1.47	1.45	1.50	1.37	1.29	1.97

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,406,640K ÷ $1,037,250K
= 1.36

The current ratio of ACI Worldwide Inc has shown stability and consistency over the past eight quarters, ranging between 1.21 and 1.36. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a strong ability to cover its short-term obligations.

The gradual improvement in the current ratio from 1.21 in Q3 2022 to 1.36 in Q4 2023 indicates a positive trend towards a stronger liquidity position. This could be attributed to efficient management of working capital or an increase in current assets relative to current liabilities.

However, the current ratio hovering around 1.30 in most quarters suggests that ACI Worldwide Inc may have a moderate risk level in meeting its short-term financial commitments. Investors and creditors may monitor this metric closely to ensure the company can maintain its liquidity position in the future.