ExlService Holdings Inc (EXLS)

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	679,673	651,568	613,177	566,227	612,794	580,584	561,014	572,618	578,144	545,175	541,162	596,550	609,278	565,063	536,540	604,892	541,258	506,226	489,075	536,058
Total current liabilities	US$ in thousands	326,403	306,146	259,063	280,904	277,946	286,968	266,014	222,121	495,686	222,926	207,109	197,720	221,078	184,899	184,163	258,364	229,349	187,902	168,240	157,533
Current ratio		2.08	2.13	2.37	2.02	2.20	2.02	2.11	2.58	1.17	2.45	2.61	3.02	2.76	3.06	2.91	2.34	2.36	2.69	2.91	3.40

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 shown some fluctuations over the quarters, ranging from a low of 2.02 in Q1 2023 to a high of 2.58 in Q1 2022. The company's current ratio indicates its ability to meet short-term obligations with its current assets. Generally, a current ratio above 1.0 is considered healthy, as it suggests the company has more current assets than current liabilities.

The current ratio has been relatively stable above 2.0 for most quarters, indicating that ExlService Holdings Inc has a comfortable cushion of current assets to cover its short-term liabilities. However, the decreasing trend in recent quarters, particularly the drop to 2.02 in Q1 2023, may indicate a slightly weakening liquidity position. It is important for stakeholders to monitor this trend closely to ensure the company maintains a strong liquidity position to meet its short-term financial obligations.