Exponent Inc (EXPO)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 379,532 | 349,157 | 452,762 | 366,832 | 364,044 |
| Total current liabilities | US$ in thousands | 161,909 | 159,029 | 152,982 | 117,308 | 123,960 |
| Current ratio | 2.34 | 2.20 | 2.96 | 3.13 | 2.94 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $379,532K ÷ $161,909K
= 2.34
The current ratio of Exponent Inc has exhibited fluctuations over the past five years. As of December 31, 2023, the current ratio stands at 2.34, indicating the company's ability to meet its short-term obligations with its current assets. Comparing this to the previous year, where the ratio was 2.20, there has been a slight improvement in liquidity.
When we look back to December 31, 2021, the current ratio was notably higher at 2.96, reflecting a stronger liquidity position compared to the current year. However, the ratio has declined from the levels seen in 2020 and 2019, where it stood at 3.13 and 2.94 respectively.
Overall, while the current ratio has fluctuated, it generally indicates that Exponent Inc has maintained a reasonable level of liquidity over the years, albeit experiencing some variability in its ability to cover short-term obligations with its current assets.
Peer comparison
Dec 31, 2023