Brinks Company (BCO)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	2,788,300	2,597,400	1,999,500	1,814,800	1,232,600
Total current liabilities	US$ in thousands	1,944,100	1,674,800	1,429,000	1,336,200	1,002,000
Current ratio		1.43	1.55	1.40	1.36	1.23

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,788,300K ÷ $1,944,100K
= 1.43

The current ratio of Brink`s Co. has shown fluctuations over the past five years. In 2023, the current ratio stands at 1.43, a decrease from the previous year`s 1.55. This implies that in 2023, Brink`s Co. has $1.43 in current assets for every $1 in current liabilities.

Analyzing the trend further, the current ratio has been generally increasing since 2019, indicating an improvement in the company`s short-term liquidity position. This signifies that Brink`s Co. has been more capable of meeting its short-term obligations with its current assets over the years.

However, the 2023 ratio being lower than the 2022 ratio may signal a potential concern, as it suggests a slight decrease in the company`s ability to cover its short-term liabilities with its current assets. It could mean that Brink`s Co. may have taken on more current liabilities relative to its current assets in 2023 compared to the previous year.

Overall, while the current ratio of Brink`s Co. has shown improvement in recent years, a continued monitoring of this ratio is advisable to ensure the company maintains a healthy liquidity position and can meet its short-term obligations effectively.