Clean Harbors Inc (CLH)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,433,800 | 2,354,480 | 2,229,060 | 2,105,800 | 2,052,220 | 1,950,750 | 1,848,480 | 1,903,050 | 2,033,760 | 2,041,090 | 1,924,100 | 1,807,250 | 1,741,170 | 1,784,160 | 1,677,320 | 1,542,350 | 1,525,720 | 1,493,660 | 1,431,800 | 1,486,480 |
| Total current liabilities | US$ in thousands | 1,102,670 | 1,121,850 | 1,061,640 | 1,017,520 | 1,037,540 | 975,387 | 914,415 | 926,837 | 1,020,090 | 1,017,910 | 990,058 | 914,139 | 925,314 | 739,901 | 711,069 | 650,553 | 636,145 | 641,061 | 604,940 | 658,412 |
| Current ratio | 2.21 | 2.10 | 2.10 | 2.07 | 1.98 | 2.00 | 2.02 | 2.05 | 1.99 | 2.01 | 1.94 | 1.98 | 1.88 | 2.41 | 2.36 | 2.37 | 2.40 | 2.33 | 2.37 | 2.26 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,433,800K ÷ $1,102,670K
= 2.21
The current ratio of Clean Harbors Inc has shown some fluctuation over the past few years. From March 31, 2020, to June 30, 2021, the current ratio remained relatively stable, ranging between 2.26 and 2.40, indicating a strong ability to meet short-term obligations with current assets. However, there was a noticeable decline in the current ratio by December 31, 2021, dropping to 1.88, which could suggest potential liquidity concerns or a decrease in short-term assets relative to liabilities.
Subsequently, the current ratio improved slightly in the following periods, hovering around 2.00 from March 31, 2022, to December 31, 2024. This indicates that Clean Harbors Inc was able to enhance its short-term liquidity position, albeit not returning to the previous levels seen before December 31, 2021.
Overall, the current ratio trend reflects some variability in Clean Harbors Inc's liquidity position over the observed period, with fluctuations possibly stemming from changes in asset and liability composition, operational efficiency, or strategic decisions impacting the company's short-term financial health. Further analysis of the underlying components contributing to current assets and liabilities may provide a deeper understanding of the company's liquidity management strategies.