CDW Corp (CDW)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,705,000 | 6,564,000 | 6,478,100 | 5,953,500 | 4,334,100 |
| Total current liabilities | US$ in thousands | 5,442,000 | 4,947,100 | 5,096,000 | 3,898,300 | 3,491,400 |
| Current ratio | 1.23 | 1.33 | 1.27 | 1.53 | 1.24 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,705,000K ÷ $5,442,000K
= 1.23
The current ratio of CDW Corp has shown fluctuations over the past five years. In 2023, the current ratio decreased to 1.23 from 1.33 in 2022. This indicates that in 2023, the company had $1.23 in current assets for every $1 in current liabilities. The downward trend in the current ratio could raise concerns about the company's short-term liquidity position compared to the previous year. However, it is worth noting that the current ratio in 2023 is still above 1, implying that CDW Corp has sufficient current assets to cover its current liabilities. It would be essential to further analyze the components of current assets and liabilities to understand the underlying factors contributing to the changes in the current ratio.
Peer comparison
Dec 31, 2023