CSG Systems International Inc (CSGS)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 862,226 | 765,955 | 748,199 | 714,591 | 669,082 |
| Total current liabilities | US$ in thousands | 560,836 | 527,209 | 695,102 | 436,260 | 418,693 |
| Current ratio | 1.54 | 1.45 | 1.08 | 1.64 | 1.60 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $862,226K ÷ $560,836K
= 1.54
The current ratio of CSG Systems International Inc. has exhibited some fluctuations over the past five years. In 2023, the current ratio stands at 1.54, indicating that the company's current assets are 1.54 times its current liabilities. This represents an improvement from the previous year's ratio of 1.45 and is higher than the ratios reported for 2021 and 2019, suggesting a stronger short-term liquidity position. However, it is lower than the ratio reported in 2020.
The current ratio of CSG Systems International Inc. has been somewhat volatile, with fluctuations observed year over year. A current ratio above 1 typically indicates that the company has sufficient current assets to cover its current liabilities. While the 2023 ratio shows improvement, it would be important to further analyze the composition of current assets and liabilities to gain a more nuanced understanding of the company's liquidity position and ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023