EPAM Systems Inc (EPAM)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,426,250 | 3,091,360 | 2,759,620 | 2,269,480 | 1,912,780 |
| Total current liabilities | US$ in thousands | 821,039 | 644,932 | 747,483 | 763,420 | 465,950 |
| Current ratio | 2.96 | 4.79 | 3.69 | 2.97 | 4.11 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,426,250K ÷ $821,039K
= 2.96
Based on the provided data, EPAM Systems Inc's current ratio has shown some fluctuations over the past five years. As of December 31, 2020, the current ratio stood at 4.11, indicating that the company had $4.11 in current assets for every $1 in current liabilities.
However, by December 31, 2021, the current ratio had decreased to 2.97, suggesting a decline in the company's liquidity position. This drop could be attributed to various factors such as changes in the company's current asset composition or increased current liabilities.
In the following years, EPAM Systems Inc's current ratio experienced some recovery, reaching 3.69 by December 31, 2022, and further improving to 4.79 by December 31, 2023. These increases indicate a strengthening of the company's liquidity position, with more current assets available to cover its current liabilities.
Nevertheless, by December 31, 2024, the current ratio fell again to 2.96, signaling a potential decrease in liquidity compared to the previous year. It is essential for EPAM Systems Inc to monitor and manage its current assets and liabilities effectively to ensure a healthy liquidity position in the future.
Peer comparison
Dec 31, 2024