CSG Systems International Inc (CSGS)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 900,882 | 862,226 | 765,955 | 748,199 | 698,345 |
| Total current liabilities | US$ in thousands | 615,209 | 560,836 | 527,209 | 695,102 | 420,015 |
| Current ratio | 1.46 | 1.54 | 1.45 | 1.08 | 1.66 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $900,882K ÷ $615,209K
= 1.46
The current ratio of CSG Systems International Inc has fluctuated over the past five years, ranging from 1.08 to 1.66. In general, the current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher ratio indicates a stronger position in meeting short-term liabilities.
In 2021, the current ratio decreased to 1.08, which may suggest a potential liquidity concern or a decrease in current assets relative to current liabilities. However, in the following years, the ratio improved, reaching 1.54 in 2023, indicating a more favorable position in meeting short-term obligations.
Although the current ratio for 2024 is slightly lower at 1.46 compared to the previous year, it remains above 1, indicating that CSG Systems International Inc still has sufficient current assets to cover its current liabilities. Overall, the trend in the current ratio suggests fluctuations in the company's liquidity position over the years, but it appears to have maintained a reasonable ability to meet short-term obligations.
Peer comparison
Dec 31, 2024