Brinks Company (BCO)

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	2,788,300	2,462,400	2,517,300	2,448,100	2,597,400	2,446,700	2,222,300	2,083,900	1,999,500	1,962,800	1,889,500	1,776,700	1,814,800	1,704,900	1,675,100	1,339,000	1,232,600	1,246,100	1,244,600	1,154,300
Total current liabilities	US$ in thousands	1,944,100	1,624,600	1,619,500	1,602,600	1,674,800	1,347,900	1,371,800	1,364,500	1,429,000	1,404,000	1,330,800	1,266,800	1,336,200	1,166,400	1,072,700	980,600	1,002,000	888,600	888,800	845,400
Current ratio		1.43	1.52	1.55	1.53	1.55	1.82	1.62	1.53	1.40	1.40	1.42	1.40	1.36	1.46	1.56	1.37	1.23	1.40	1.40	1.37

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 been fluctuating over the past eight quarters. The ratio was relatively high in Q3 2022 at 1.82, indicating a strong ability to cover its short-term obligations with current assets. However, the ratio has been gradually declining since then, reaching a low of 1.43 in Q4 2023.

A current ratio above 1 typically suggests that a company can comfortably meet its short-term financial obligations. While Brink's Co. current ratio has remained above 1 throughout the period, the downward trend over the past few quarters may raise concerns about its liquidity management and ability to cover short-term liabilities.

It would be prudent to further investigate the reasons behind the decreasing trend in the current ratio to assess the company's liquidity position accurately and identify any potential risks associated with its short-term financial health.