Expeditors International of Washington Inc (EXPD)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	3,435,200	4,518,020	6,635,040	3,963,540	2,769,920
Total current liabilities	US$ in thousands	1,704,410	2,054,060	3,726,300	1,893,040	1,168,320
Current ratio		2.02	2.20	1.78	2.09	2.37

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $3,435,200K ÷ $1,704,410K
= 2.02

The current ratio of Expeditors International Of Washington, Inc. has displayed some fluctuations over the past five years, ranging from 1.78 to 2.37. The ratio peaked in 2019 at 2.37, indicating that the company had $2.37 in current assets for every $1 in current liabilities. This suggests a strong ability to cover its short-term obligations with its liquid assets at that time.

The ratio then declined in the following years, reaching a low of 1.78 in 2021. This decrease may indicate a potential liquidity concern as the company had fewer liquid assets available to cover its current liabilities in that year. However, it is important to note that the current ratio improved to 2.02 in 2023, showing a recovery in the company's ability to meet its short-term obligations with its current assets.

Overall, while the current ratio has experienced fluctuations, it generally indicates that Expeditors International Of Washington, Inc. has maintained a reasonable level of liquidity over the years, with a current ratio above 1.5, suggesting a healthy financial position in terms of short-term liquidity.