ExlService Holdings Inc (EXLS)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 795,189 | 679,673 | 612,794 | 578,144 | 609,278 |
| Total current liabilities | US$ in thousands | 290,116 | 326,403 | 277,946 | 495,686 | 221,078 |
| Current ratio | 2.74 | 2.08 | 2.20 | 1.17 | 2.76 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $795,189K ÷ $290,116K
= 2.74
ExlService Holdings Inc's current ratio has exhibited fluctuations over the past five years. The ratio stood at 2.76 as of December 31, 2020, reflecting a strong ability to cover short-term obligations with current assets. However, there was a significant decline in the current ratio to 1.17 by December 31, 2021, which may raise concerns about the company's short-term liquidity position.
The ratio improved to 2.20 by December 31, 2022, indicating a better ability to meet current liabilities with current assets. Subsequently, there was a slight decrease to 2.08 by December 31, 2023, suggesting a relatively stable liquidity position.
By December 31, 2024, the current ratio increased to 2.74, showing a strong liquidity position once again. Overall, fluctuations in the current ratio over the years may indicate varying levels of efficiency in managing short-term obligations and current assets by ExlService Holdings Inc.
Peer comparison
Dec 31, 2024