EMCOR Group Inc (EME)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,446,970 | 3,461,970 | 3,390,990 | 3,120,940 | 2,659,880 |
| Total current liabilities | US$ in thousands | 3,518,360 | 2,753,520 | 2,361,730 | 2,163,230 | 1,938,610 |
| Current ratio | 1.26 | 1.26 | 1.44 | 1.44 | 1.37 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,446,970K ÷ $3,518,360K
= 1.26
The current ratio of Emcor Group, Inc. has been relatively stable over the past five years, ranging from 1.26 to 1.44. This ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities.
In 2023 and 2022, the current ratio remained stable at 1.26, suggesting a consistent level of liquidity to meet short-term obligations. In 2021 and 2020, the ratio increased to 1.44, indicating an improvement in liquidity and the company's ability to cover its short-term liabilities comfortably.
Although the current ratio dipped slightly to 1.37 in 2019, it still remained above 1, reflecting a healthy liquidity position. Overall, the current ratio trend indicates that Emcor Group, Inc. has maintained a strong liquidity position over the years, providing a cushion against unforeseen financial challenges.
Peer comparison
Dec 31, 2023