Equifax Inc (EFX)
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 | 1,356,300 | 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 | 1,209,400 | 853,000 | 813,800 | 864,700 |
| Total current liabilities | US$ in thousands | 2,019,000 | 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 | 1,359,100 | 1,491,800 | 1,497,900 | 1,523,000 |
| Current ratio | 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 | 0.89 | 0.57 | 0.54 | 0.57 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,356,300K ÷ $2,019,000K
= 0.67
The current ratio of Equifax, Inc. has shown variability over the past eight quarters. The current ratio measures a company's ability to cover its short-term obligations with its current assets.
In Q4 2023, the current ratio decreased to 0.67, indicating that the company may struggle to meet its short-term liabilities with its current assets. In the previous quarter (Q3 2023), the ratio improved to 1.01, suggesting a healthier position in terms of short-term liquidity.
Looking at the trend over the past two years, it is evident that Equifax has faced challenges in maintaining a consistently strong current ratio. While there were periods of improvement, such as in Q2 2023 where the ratio stood at 1.20, there were also quarters where the ratio dropped significantly, like in Q2 2022 where it was as low as 0.51.
Overall, the fluctuating trend in Equifax's current ratio indicates a need for closer monitoring of the company's liquidity management and working capital practices to ensure its ability to meet its short-term obligations in a consistent manner.