Aecom Technology Corporation (ACM)
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 | 6,282,030 | 6,169,510 | 6,271,740 | 6,039,140 | 6,027,470 | 5,822,810 | 5,795,790 | 5,697,180 | 5,930,270 | 6,173,540 | 6,248,490 | 6,258,430 | 6,900,890 | 7,530,370 | 7,290,360 | 7,378,260 | 7,466,930 | 7,534,640 | 7,271,820 | 7,240,640 |
| Total current liabilities | US$ in thousands | 6,002,490 | 5,850,280 | 5,714,780 | 5,537,260 | 5,557,720 | 5,404,170 | 5,464,940 | 5,283,480 | 5,513,460 | 5,521,720 | 5,680,030 | 5,601,900 | 6,001,600 | 6,090,450 | 5,751,670 | 5,987,540 | 6,461,460 | 6,461,750 | 5,940,700 | 5,890,190 |
| Current ratio | 1.05 | 1.05 | 1.10 | 1.09 | 1.08 | 1.08 | 1.06 | 1.08 | 1.08 | 1.12 | 1.10 | 1.12 | 1.15 | 1.24 | 1.27 | 1.23 | 1.16 | 1.17 | 1.22 | 1.23 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,282,030K ÷ $6,002,490K
= 1.05
AECOM's current ratio has remained relatively stable over the past few quarters, ranging between 1.05 and 1.10. An ideal current ratio is generally considered to be around 2, indicating that the company has twice as many current assets as current liabilities.
With AECOM's current ratio hovering around 1.05 to 1.10, it suggests that the company may have just enough current assets to cover its current liabilities. While a current ratio above 1 indicates that the company can meet its short-term obligations, a ratio closer to 2 may provide a more comfortable cushion for potential liquidity challenges.
Given the consistent current ratio figures, it appears that AECOM is managing its short-term liquidity position adequately. However, investors and analysts may want to keep an eye on any potential fluctuations in the ratio to ensure that the company can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023