Core Laboratories NV (CLB)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024
Total current assets	US$ in thousands	226,606	235,227	233,528	229,047
Total current liabilities	US$ in thousands	97,586	94,938	97,598	85,468
Current ratio		2.32	2.48	2.39	2.68

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $226,606K ÷ $97,586K
= 2.32

Core Laboratories NV's current ratio, which measures the company's ability to cover its short-term obligations with its current assets, has shown a relatively stable trend over the past year. As of December 31, 2024, the current ratio stands at 2.32, indicating that the company has $2.32 in current assets for every $1 in current liabilities.

The slight decrease from the previous quarter's 2.48 to 2.32 may suggest a decrease in liquidity or an increase in short-term obligations. However, the current ratio remains above 2, indicating that Core Laboratories NV has a healthy level of liquidity and should be able to meet its short-term financial obligations comfortably.

Overall, a current ratio of 2.32 reflects a solid financial position for Core Laboratories NV in the short term, providing a cushion against unexpected financial challenges.