CDW Corp (CDW)
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 | 6,705,000 | 6,458,400 | 6,488,000 | 6,279,900 | 6,564,000 | 6,895,200 | 7,039,800 | 6,870,800 | 6,478,100 | 5,292,200 | 5,421,600 | 5,469,800 | 5,953,500 | 5,759,600 | 5,235,800 | 4,665,800 | 4,334,100 | 4,295,300 | 4,425,300 | 4,132,500 |
| Total current liabilities | US$ in thousands | 5,442,000 | 4,782,100 | 4,997,300 | 4,777,900 | 4,947,100 | 5,358,800 | 5,415,600 | 5,464,600 | 5,096,000 | 3,833,200 | 3,770,100 | 3,709,300 | 3,898,300 | 3,836,600 | 3,561,500 | 3,647,200 | 3,491,400 | 3,241,000 | 3,460,300 | 3,215,000 |
| Current ratio | 1.23 | 1.35 | 1.30 | 1.31 | 1.33 | 1.29 | 1.30 | 1.26 | 1.27 | 1.38 | 1.44 | 1.47 | 1.53 | 1.50 | 1.47 | 1.28 | 1.24 | 1.33 | 1.28 | 1.29 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,705,000K ÷ $5,442,000K
= 1.23
The current ratio for CDW Corp has shown some fluctuations over the past eight quarters, ranging from 1.23 to 1.35. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
In Q3 2023, the current ratio was 1.35, indicating that the company had $1.35 in current assets for every $1 in current liabilities. This was the highest current ratio observed in the data provided, suggesting a strong liquidity position during that period.
Conversely, in Q4 2023, the current ratio decreased to 1.23, signaling a slight decline in liquidity compared to the previous quarter. Despite this decline, the current ratio remained above 1, indicating that CDW Corp still had more current assets than current liabilities at the end of Q4 2023.
Overall, CDW Corp's current ratio has generally been above 1 over the past eight quarters, indicating that the company has been able to meet its short-term obligations using its current assets. However, investors and stakeholders should continue to monitor the company's current ratio over time to assess its liquidity position and ability to manage short-term financial obligations.
Peer comparison
Dec 31, 2023