Deluxe Corporation (DLX)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 760,988 | 704,037 | 620,473 | 506,631 | 472,211 |
| Total current liabilities | US$ in thousands | 819,065 | 752,345 | 683,358 | 411,820 | 407,947 |
| Current ratio | 0.93 | 0.94 | 0.91 | 1.23 | 1.16 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $760,988K ÷ $819,065K
= 0.93
The current ratio of Deluxe Corp. has fluctuated over the past five years, ranging from 0.91 to 1.23. In 2023, the current ratio decreased to 0.93, indicating that the company may have slightly less current assets relative to its current liabilities compared to the previous year. This could potentially signify a decrease in liquidity and a higher risk of facing difficulties in meeting short-term obligations. However, it is essential to consider the reasons behind this change and assess the overall financial health of the company in conjunction with other performance metrics.