AutoNation Inc (AN)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,306,900 | 3,138,000 | 2,811,700 | 4,152,700 | 4,411,100 |
| Total current liabilities | US$ in thousands | 5,582,500 | 3,405,700 | 3,059,800 | 4,165,900 | 5,100,200 |
| Current ratio | 0.77 | 0.92 | 0.92 | 1.00 | 0.86 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,306,900K ÷ $5,582,500K
= 0.77
The current ratio of Autonation Inc. has displayed a fluctuating trend over the past five years. In 2023, the current ratio stands at 0.77, indicating a decrease from the previous year's ratio of 0.92. This suggests a decline in the company's ability to cover its short-term obligations with its current assets. The current ratio has been consistently below the ideal threshold of 1.00 since 2019, indicating potential liquidity challenges for the company. It is important for Autonation Inc. to closely monitor and manage its current assets and liabilities to improve its liquidity position and ensure it can meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023