Quest Diagnostics Incorporated (DGX)
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 | 2,392,000 | 2,623,000 | 2,017,000 | 2,228,000 | 2,372,000 | 1,815,000 | 1,733,000 | 1,814,000 | 1,898,000 | 2,334,000 | 2,426,000 | 2,475,000 | 2,741,000 | 2,854,000 | 2,146,000 | 2,999,000 | 3,058,000 | 3,348,000 | 2,380,000 | 1,560,000 |
| Total current liabilities | US$ in thousands | 2,169,000 | 2,092,000 | 2,012,000 | 2,298,000 | 1,815,000 | 1,618,000 | 1,875,000 | 1,355,000 | 1,551,000 | 1,602,000 | 1,577,000 | 1,700,000 | 1,753,000 | 1,759,000 | 1,551,000 | 1,707,000 | 1,776,000 | 2,389,000 | 1,843,000 | 1,129,000 |
| Current ratio | 1.10 | 1.25 | 1.00 | 0.97 | 1.31 | 1.12 | 0.92 | 1.34 | 1.22 | 1.46 | 1.54 | 1.46 | 1.56 | 1.62 | 1.38 | 1.76 | 1.72 | 1.40 | 1.29 | 1.38 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,392,000K ÷ $2,169,000K
= 1.10
Quest Diagnostics Incorporated's current ratio has fluctuated over the years, ranging from a low of 0.92 on June 30, 2023, to a high of 1.76 on March 31, 2021. As of December 31, 2024, the current ratio stands at 1.10.
A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a positive sign of financial health. However, a decreasing trend in the current ratio over time may suggest potential liquidity challenges or inefficiencies in managing short-term assets and liabilities.
It is essential for stakeholders to closely monitor fluctuations in the current ratio to assess the company's ability to meet its short-term obligations and manage working capital effectively. Further analysis and comparison with industry benchmarks can provide a more comprehensive understanding of Quest Diagnostics Incorporated's liquidity position.
Peer comparison
Dec 31, 2024