Now Inc (DNOW)
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 | 1,068,000 | 1,033,000 | 1,075,000 | 1,025,000 | 1,017,000 | 1,054,000 | 969,000 | 946,000 | 883,000 | 874,000 | 831,000 | 882,000 | 861,000 | 878,000 | 898,000 | 1,020,000 | 1,067,000 | 1,148,000 | 1,195,000 | 1,252,000 |
| Total current liabilities | US$ in thousands | 418,000 | 423,000 | 501,000 | 447,000 | 439,000 | 458,000 | 408,000 | 395,000 | 369,000 | 375,000 | 341,000 | 298,000 | 272,000 | 264,000 | 278,000 | 385,000 | 396,000 | 470,000 | 468,000 | 475,000 |
| Current ratio | 2.56 | 2.44 | 2.15 | 2.29 | 2.32 | 2.30 | 2.38 | 2.39 | 2.39 | 2.33 | 2.44 | 2.96 | 3.17 | 3.33 | 3.23 | 2.65 | 2.69 | 2.44 | 2.55 | 2.64 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,068,000K ÷ $418,000K
= 2.56
The current ratio of NOW Inc has been relatively stable over the past eight quarters, ranging from a low of 2.15 in Q2 2023 to a high of 2.56 in Q4 2023. This indicates that the company has consistently maintained a strong ability to meet its short-term obligations with its current assets. The current ratio values above 2 suggest that NOW Inc has more than enough current assets to cover its current liabilities. Overall, the current ratio trend reflects a healthy liquidity position for the company, providing a buffer against any unforeseen financial challenges in the short term.
Peer comparison
Dec 31, 2023