Equifax Inc (EFX)
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 | 1,360,600 | 1,653,100 | 1,417,600 | 1,449,500 | 1,365,300 | 1,597,400 | 1,315,400 | 1,383,600 | 1,370,500 | 1,294,900 | 1,353,300 | 1,264,200 | 1,120,900 | 2,890,300 | 1,329,500 | 1,665,000 | 2,478,300 | 2,311,600 | 2,104,900 | 1,149,000 |
| Total current liabilities | US$ in thousands | 1,811,500 | 1,874,400 | 1,786,900 | 1,973,800 | 2,028,000 | 1,581,800 | 1,092,200 | 1,792,100 | 2,015,200 | 2,018,700 | 2,633,200 | 2,343,400 | 2,291,300 | 1,886,900 | 1,875,200 | 2,341,700 | 2,483,100 | 2,391,000 | 1,656,400 | 1,143,800 |
| Current ratio | 0.75 | 0.88 | 0.79 | 0.73 | 0.67 | 1.01 | 1.20 | 0.77 | 0.68 | 0.64 | 0.51 | 0.54 | 0.49 | 1.53 | 0.71 | 0.71 | 1.00 | 0.97 | 1.27 | 1.00 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,360,600K ÷ $1,811,500K
= 0.75
Equifax Inc's current ratio has fluctuated over the past few years, indicating varying levels of liquidity and ability to meet short-term obligations. The current ratio measures the company's ability to pay its short-term liabilities with its short-term assets.
Looking at the data provided:
- The current ratio was 1.00 as of March 31, 2020, indicating that the company had just enough current assets to cover its current liabilities.
- It improved to 1.27 by June 30, 2020, showing a stronger position in the short term.
- The ratio then dropped to 0.97 by September 30, 2020, below the ideal value of 1 which raises concern about the company's liquidity.
- The ratio fluctuated further throughout the following quarters, reaching a low of 0.49 by December 31, 2021, suggesting a potential liquidity issue.
- Subsequently, there was some recovery seen, with the ratio improving to 1.53 by September 30, 2021, signaling a healthier liquidity position.
- The ratio has continued to fluctuate over the following quarters, with some improvements and declines noted.
Overall, Equifax Inc's current ratio has shown variability, pointing to fluctuations in its ability to cover short-term obligations with current assets. It is important for investors and creditors to closely monitor these fluctuations to assess the company's liquidity risk.