Core Laboratories NV (CLB)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | ||
|---|---|---|---|---|
| Total current assets | US$ in thousands | 223,136 | 228,544 | 236,124 |
| Total current liabilities | US$ in thousands | 88,097 | 84,250 | 96,194 |
| Current ratio | 2.53 | 2.71 | 2.45 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $223,136K ÷ $88,097K
= 2.53
Core Laboratories NV's current ratio has been relatively stable over the past three quarters, ranging from 2.45 to 2.71. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a strong liquidity position.
With a current ratio consistently above 2, Core Laboratories NV appears to have a healthy liquidity position, indicating that it should be able to meet its short-term obligations comfortably. However, a slightly decreasing trend from 2.71 in September 2023 to 2.45 in June 2023 may warrant further monitoring to ensure that the company's liquidity remains at an optimal level. Overall, the current ratio indicates that Core Laboratories NV is well-positioned to manage its short-term financial obligations.
Peer comparison
Dec 31, 2023