EPAM Systems Inc (EPAM)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,091,360 | 2,759,620 | 2,269,480 | 1,912,780 | 1,474,210 |
| Total current liabilities | US$ in thousands | 644,932 | 747,483 | 763,420 | 465,950 | 386,948 |
| Current ratio | 4.79 | 3.69 | 2.97 | 4.11 | 3.81 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,091,360K ÷ $644,932K
= 4.79
EPAM Systems Inc's current ratio has shown varying trends over the past five years. As of December 31, 2023, the current ratio stands at 4.79, indicating that the company has $4.79 in current assets for every $1 in current liabilities. This represents a significant improvement from the previous year's current ratio of 3.69.
The increasing trend in the current ratio from 2021 to 2023 suggests that EPAM Systems Inc has been able to strengthen its liquidity position and efficiently manage its short-term obligations. A higher current ratio typically indicates a better ability to cover short-term liabilities, which may be indicative of good financial health and lower liquidity risk.
Comparing the current ratio to industry benchmarks and historical data can provide additional insights into the company's liquidity position and financial performance. It is essential to monitor changes in the current ratio over time to assess liquidity risks and the company's ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023