ExlService Holdings Inc (EXLS)

Current ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Total current assets	US$ in thousands	795,189	767,689	703,712	664,717	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
Total current liabilities	US$ in thousands	290,116	254,185	286,862	261,441	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
Current ratio		2.74	3.02	2.45	2.54	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

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 displayed fluctuations over the periods indicated in the data. The current ratio measures a company's ability to cover its short-term liabilities with its short-term assets. A ratio above 1 indicates that a company has more current assets than current liabilities.

From March 31, 2020, to September 30, 2021, the current ratio of ExlService Holdings Inc showed a generally increasing trend, improving from 2.34 to 3.06. This suggests the company had a strong ability to cover its short-term obligations during this period.

However, from December 31, 2021, to December 31, 2022, the current ratio experienced a decline, dropping from 2.76 to 2.20. This could indicate potential liquidity challenges or changes in the company's financial position during this period.

Subsequently, there were mixed results in the current ratio from March 31, 2023, to December 31, 2024, fluctuating between 2.02 and 3.02. Overall, the current ratio remained above 1 during these periods, indicating that ExlService Holdings Inc generally had sufficient current assets to cover its short-term liabilities, although the ratio was not consistently high.

It is important for stakeholders to further investigate the reasons behind the fluctuations in the current ratio to better understand the company's liquidity position and financial health.