CSG Systems International Inc (CSGS)

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	862,226	760,067	725,415	731,538	765,955	691,725	708,255	686,775	748,199	721,717	677,944	643,008	714,591	637,186	642,768	598,304	669,082	607,465	572,628	550,728
Total current liabilities	US$ in thousands	560,836	461,533	431,102	441,735	527,209	445,380	683,437	646,877	695,102	663,241	623,239	587,733	436,260	357,386	370,767	344,803	418,693	357,079	335,584	319,480
Current ratio		1.54	1.65	1.68	1.66	1.45	1.55	1.04	1.06	1.08	1.09	1.09	1.09	1.64	1.78	1.73	1.74	1.60	1.70	1.71	1.72

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 fluctuations over the past eight quarters. The ratio measures the company's ability to cover its short-term obligations with its current assets. A higher current ratio is generally considered favorable as it indicates that the company has more current assets relative to its current liabilities.

In Q4 2023, the current ratio stood at 1.54, showing a slight decrease from the previous quarter's 1.65. This may suggest a potential slight weakening in the company's short-term liquidity position. However, the current ratio remains above 1, indicating that the company has sufficient current assets to cover its current liabilities.

Looking back to Q1 2022, there was a notable increase in the current ratio to 1.06, which was the lowest point in the period under review. This indicates that the company's liquidity position was less favorable at that time, potentially raising concerns about its ability to meet short-term obligations.

Overall, despite some fluctuations, CSG Systems International Inc. has generally maintained current ratios above 1. This implies that the company has managed to sustain a healthy liquidity position over the past eight quarters, which is a positive indicator for investors and creditors.