EMCOR Group Inc (EME)
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 | 4,446,970 | 4,068,900 | 3,809,620 | 3,562,420 | 3,461,970 | 3,379,260 | 3,125,540 | 3,216,400 | 3,390,990 | 3,226,570 | 3,113,350 | 3,105,630 | 3,120,940 | 2,897,090 | 2,679,080 | 2,685,390 | 2,659,880 | 2,558,110 | 2,420,640 | 2,313,860 |
| Total current liabilities | US$ in thousands | 3,518,360 | 3,232,800 | 2,949,460 | 2,661,390 | 2,753,520 | 2,638,800 | 2,402,940 | 2,296,570 | 2,361,730 | 2,250,120 | 2,143,110 | 2,093,410 | 2,163,230 | 1,978,850 | 1,808,210 | 1,786,380 | 1,938,610 | 1,793,370 | 1,704,570 | 1,673,180 |
| Current ratio | 1.26 | 1.26 | 1.29 | 1.34 | 1.26 | 1.28 | 1.30 | 1.40 | 1.44 | 1.43 | 1.45 | 1.48 | 1.44 | 1.46 | 1.48 | 1.50 | 1.37 | 1.43 | 1.42 | 1.38 |
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 eight quarters, ranging from 1.26 to 1.40. The current ratio measures the company's ability to cover its short-term obligations with its current assets.
A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a favorable position. Emcor Group, Inc.'s current ratio has been consistently above 1, indicating a healthy liquidity position.
However, a declining trend in the recent quarters from Q1 2022 to Q4 2023 (1.40 to 1.26) is notable. While the current ratio is still above 1, the decreasing trend could suggest a potential strain on the company's ability to meet its short-term obligations with its current assets.
It is important for investors and analysts to continue monitoring Emcor Group, Inc.'s liquidity position and assess any potential implications of the decreasing current ratio on the company's financial health and operational performance.
Peer comparison
Dec 31, 2023