Envestnet Inc (ENV)

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	263,808	203,153	224,621	222,759	311,291	392,506	467,620	501,479	567,276	549,521	491,180	489,021	505,199	481,212	205,780	187,433	182,503	167,010	189,395	349,016
Total current liabilities	US$ in thousands	292,534	270,245	308,904	297,652	327,064	616,268	610,036	274,807	288,723	269,405	247,814	228,921	236,369	226,320	209,285	202,918	203,790	366,317	353,474	338,726
Current ratio		0.90	0.75	0.73	0.75	0.95	0.64	0.77	1.82	1.96	2.04	1.98	2.14	2.14	2.13	0.98	0.92	0.90	0.46	0.54	1.03

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $263,808K ÷ $292,534K
= 0.90

The current ratio of Envestnet Inc. has fluctuated over the past eight quarters, ranging from a low of 0.64 in Q3 2022 to a high of 1.82 in Q1 2022. In the most recent quarter, Q4 2023, the current ratio stands at 0.90, indicating that the company may have slightly fewer current assets to cover its short-term liabilities. It is important to note that a current ratio below 1 suggests that the company may have difficulty meeting its short-term obligations with its current assets alone. The downward trend in the current ratio from Q1 2022 to Q4 2023 may raise concerns about the company's liquidity position and ability to manage its short-term financial obligations. Further analysis and monitoring of Envestnet Inc.'s liquidity management practices would be advisable to ensure financial stability in the future.