Brinks Company (BCO)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,887,900 | 2,788,300 | 2,272,700 | 1,788,500 | 1,622,000 |
| Total current liabilities | US$ in thousands | 1,898,400 | 1,944,100 | 1,315,900 | 1,088,500 | 985,200 |
| Current ratio | 1.52 | 1.43 | 1.73 | 1.64 | 1.65 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,887,900K ÷ $1,898,400K
= 1.52
The current ratio of Brinks Company has shown some fluctuations over the past five years. As of December 31, 2020, the current ratio was 1.65, indicating that the company had $1.65 in current assets for every $1 in current liabilities. This ratio decreased slightly to 1.64 by December 31, 2021, and then increased to 1.73 by December 31, 2022, suggesting an improvement in the company's liquidity position.
However, the current ratio declined significantly to 1.43 by December 31, 2023, which may indicate potential liquidity challenges or difficulties in meeting short-term obligations. The ratio increased again to 1.52 by December 31, 2024, but it remained below the levels seen in the earlier years.
Overall, the trend in Brinks Company's current ratio shows some variability, with fluctuations that may warrant further investigation into the company's liquidity management and short-term financial health. It is important for stakeholders to monitor this ratio to assess the company's ability to cover its short-term liabilities with its current assets.
Peer comparison
Dec 31, 2024