Aecom Technology Corporation (ACM)
Current ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 7,176,060 | 7,118,660 | 6,497,790 | 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 |
| Total current liabilities | US$ in thousands | 6,374,080 | 6,289,640 | 6,136,120 | 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 |
| Current ratio | 1.13 | 1.13 | 1.06 | 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 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,176,060K ÷ $6,374,080K
= 1.13
The current ratio of Aecom Technology Corporation has shown some fluctuations over the past few quarters. As of September 30, 2024, the current ratio stands at 1.13. This indicates that the company's current assets are 1.13 times greater than its current liabilities, suggesting a moderate level of liquidity.
Looking at the trend over the last few quarters, the current ratio has ranged between 1.05 and 1.15. While it dipped to 1.05 in December 2023 and showed a slight decline in the following quarters, it has generally remained above 1, implying that the company has been able to meet its short-term obligations.
It is important to note that a current ratio of 1 or above is typically considered healthy, as it signifies that a company's short-term assets are sufficient to cover its short-term liabilities. However, a current ratio significantly above 1, as seen in some quarters like December 2020 and September 2020, may suggest an excess of current assets that could be deployed more effectively.
Overall, the current ratio of Aecom Technology Corporation has exhibited stability within a reasonable range, indicating a balanced liquidity position to manage its short-term financial needs.
Peer comparison
Sep 30, 2024