Everus Construction Group Inc (ECG)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Total current assets | US$ in thousands | 766,063 | 788,131 | — |
| Total current liabilities | US$ in thousands | 452,183 | 473,701 | — |
| Current ratio | 1.69 | 1.66 | — |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $766,063K ÷ $452,183K
= 1.69
The current ratio of Everus Construction Group Inc has shown a slight increase from 1.66 in 2022 to 1.69 in 2023, indicating an improvement in the company's short-term liquidity position. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 reflects that the company has more current assets than current liabilities, suggesting a healthy liquidity position. However, it is important to note that the absence of data for 2021 limits a comprehensive trend analysis. The increase in the current ratio from the previous year is generally positive, but further analysis of the company's current asset composition and its ability to convert those assets into cash may provide deeper insights into its overall liquidity management.
Peer comparison
Dec 31, 2023