ExlService Holdings Inc (EXLS)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 679,673 | 612,794 | 578,144 | 609,278 | 541,258 |
| Total current liabilities | US$ in thousands | 326,403 | 277,946 | 495,686 | 221,078 | 229,349 |
| Current ratio | 2.08 | 2.20 | 1.17 | 2.76 | 2.36 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $679,673K ÷ $326,403K
= 2.08
The current ratio of ExlService Holdings Inc has fluctuated over the past five years. In 2023, the current ratio is 2.08, which indicates that the company has $2.08 in current assets for every $1 of current liabilities. This ratio has slightly decreased compared to the previous year, where the current ratio was 2.20.
In 2021, the current ratio was 1.17, signaling a lower liquidity position compared to the other years. However, the ratio improved significantly in 2020 to 2.76 and remained relatively stable in 2019 at 2.36.
Overall, the current ratio of ExlService Holdings Inc demonstrates fluctuations in the company's ability to cover its short-term obligations with its current assets. It is essential for stakeholders to consider the trend in the current ratio over multiple years to assess the company's liquidity position effectively.
Peer comparison
Dec 31, 2023