Clean Harbors Inc (CLH)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,052,220 | 2,033,760 | 1,741,170 | 1,525,720 | 1,400,910 |
| Total current liabilities | US$ in thousands | 1,037,540 | 1,020,090 | 925,314 | 636,145 | 720,100 |
| Current ratio | 1.98 | 1.99 | 1.88 | 2.40 | 1.95 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,052,220K ÷ $1,037,540K
= 1.98
The current ratio of Clean Harbors, Inc. has exhibited some fluctuation over the past five years. The company's current ratio was 1.98 at the end of 2023, slightly lower than the previous year but still indicating that the company has $1.98 in current assets available to cover each dollar of current liabilities.
In 2022, the current ratio was slightly higher at 1.99, suggesting a slightly stronger liquidity position compared to 2023. The ratio decreased in 2021 to 1.88, signaling a decrease in the company's ability to cover its short-term obligations with its current assets.
Clean Harbors saw a significant improvement in its liquidity position in 2020 with a current ratio of 2.40, indicating a strong ability to meet its short-term liabilities using its current assets. However, in 2019, the current ratio was 1.95, showing a slightly weaker position than in 2020.
Overall, while there has been some variation, the current ratios of Clean Harbors, Inc. over the past five years generally suggest that the company has maintained a relatively healthy liquidity position, with sufficient current assets to cover its current liabilities.
Peer comparison
Dec 31, 2023