Archrock Inc (AROC)
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 | 213,157 | 224,877 | 223,568 | 210,623 | 231,960 | 220,284 | 217,035 | 196,384 | 186,570 | 186,706 | 187,855 | 188,310 | 182,011 | 211,700 | 208,889 | 223,744 | 232,203 | 253,142 | 231,511 | 228,672 |
| Total current liabilities | US$ in thousands | 152,143 | 159,375 | 142,097 | 177,101 | 148,571 | 194,330 | 151,529 | 168,310 | 125,254 | 153,423 | 125,550 | 134,733 | 111,692 | 136,324 | 120,079 | 157,145 | 138,743 | 167,568 | 152,580 | 164,790 |
| Current ratio | 1.40 | 1.41 | 1.57 | 1.19 | 1.56 | 1.13 | 1.43 | 1.17 | 1.49 | 1.22 | 1.50 | 1.40 | 1.63 | 1.55 | 1.74 | 1.42 | 1.67 | 1.51 | 1.52 | 1.39 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $213,157K ÷ $152,143K
= 1.40
The current ratio measures a company's ability to cover its short-term liabilities with its short-term assets. A higher ratio indicates a stronger liquidity position.
Archrock Inc's current ratio has fluctuated over the past eight quarters. In Q4 2023, the current ratio stood at 1.40, a slight decrease from the previous quarter's 1.41. Despite the decrease, the current ratio remains above 1, indicating that the company has more current assets than current liabilities.
Looking at the trend over the past two years, the current ratio has ranged from a low of 1.13 in Q3 2022 to a high of 1.57 in Q2 2023. This variability suggests fluctuations in Archrock Inc's liquidity position during this period.
Overall, while the current ratio has shown some fluctuation, it generally indicates that Archrock Inc has been able to comfortably meet its short-term obligations with its short-term assets over the past eight quarters. However, it's important for the company to monitor this ratio closely to ensure continued liquidity strength.
Peer comparison
Dec 31, 2023