Expeditors International of Washington Inc (EXPD)

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	3,435,200	3,511,920	3,482,550	4,257,010	4,518,020	5,587,560	6,330,150	6,962,730	6,635,040	6,111,540	4,985,260	4,494,200	3,963,540	3,409,900	2,858,270	2,618,820	2,769,920	2,769,210	2,711,460	2,728,990
Total current liabilities	US$ in thousands	1,704,410	1,667,040	1,579,110	1,760,060	2,054,060	2,706,250	3,411,070	3,721,970	3,726,300	3,275,480	2,485,230	2,195,020	1,893,040	1,496,710	1,288,070	1,159,180	1,168,320	1,183,590	1,278,820	1,227,930
Current ratio		2.02	2.11	2.21	2.42	2.20	2.06	1.86	1.87	1.78	1.87	2.01	2.05	2.09	2.28	2.22	2.26	2.37	2.34	2.12	2.22

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 shown a fluctuating trend over the past eight quarters, ranging from a low of 1.86 in Q2 2022 to a high of 2.42 in Q1 2023. The current ratio indicates the company's ability to meet its short-term financial obligations with its current assets. A ratio above 1 suggests the company has more current assets than current liabilities, which is generally considered favorable.

Expeditors International Of Washington, Inc. has generally maintained a current ratio above 2, indicating a strong ability to cover its short-term liabilities with its current assets. However, the current ratio has shown some volatility in recent quarters, with fluctuations between 1.86 and 2.42. It is important for stakeholders to monitor this ratio over time to ensure the company maintains a healthy balance between current assets and liabilities.