Exponent Inc (EXPO)
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 | 379,532 | 343,316 | 344,628 | 318,301 | 349,157 | 332,512 | 342,534 | 376,691 | 452,762 | 417,560 | 397,809 | 353,555 | 366,832 | 328,649 | 314,270 | 293,396 | 364,044 | 351,532 | 334,661 | 304,610 |
| Total current liabilities | US$ in thousands | 161,909 | 129,657 | 124,540 | 109,179 | 159,029 | 137,917 | 127,534 | 109,110 | 152,982 | 126,418 | 122,966 | 87,942 | 117,308 | 96,371 | 89,783 | 77,099 | 123,960 | 101,034 | 92,884 | 72,193 |
| Current ratio | 2.34 | 2.65 | 2.77 | 2.92 | 2.20 | 2.41 | 2.69 | 3.45 | 2.96 | 3.30 | 3.24 | 4.02 | 3.13 | 3.41 | 3.50 | 3.81 | 2.94 | 3.48 | 3.60 | 4.22 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $379,532K ÷ $161,909K
= 2.34
Exponent Inc's current ratio has fluctuated over the past few periods, ranging from a low of 2.20 to a high of 4.02. A higher current ratio indicates a stronger liquidity position, suggesting the company has more current assets to cover its current liabilities, which can be positive for short-term financial stability.
The current ratio showed an overall increasing trend from 2019 to 2023, indicating improved liquidity management by the company. The peak current ratio of 4.02 in March 2022 signals a strong ability to meet short-term obligations using current assets.
However, the current ratio dropped to 2.20 in December 2022 before gradually increasing again. This dip may suggest a temporary strain on liquidity or increased current liabilities relative to current assets during that period.
The current ratio of 2.34 as of December 31, 2023, is lower than some previous periods but still above 2.0, indicating that Exponent Inc has sufficient current assets to cover its short-term liabilities. It may be beneficial for the company to monitor and manage its current assets and liabilities effectively to maintain a healthy current ratio going forward.
Peer comparison
Dec 31, 2023