Clean Harbors Inc (CLH)
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 | 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 | 1,400,910 | 1,300,580 | 1,213,190 | 1,148,120 |
| Total current liabilities | US$ in thousands | 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 | 720,100 | 680,042 | 633,690 | 597,510 |
| Current ratio | 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 | 1.95 | 1.91 | 1.91 | 1.92 |
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 been relatively stable over the past eight quarters, ranging from 1.94 to 2.05. This indicates that the company has consistently maintained a healthy ability to cover its short-term liabilities with its current assets. Specifically, for Q4 2023, the current ratio stands at 1.98, suggesting that the company has $1.98 in current assets for every dollar of current liabilities. This indicates a slight decrease from the previous quarter but remains within the same range observed in the recent past. Overall, the company appears to have a strong liquidity position, which is essential for meeting its short-term financial obligations.
Peer comparison
Dec 31, 2023