Exponent Inc (EXPO)
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 | 446,881 | 412,581 | 391,327 | 352,323 | 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 |
| Total current liabilities | US$ in thousands | 163,183 | 137,738 | 131,824 | 114,131 | 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 |
| Current ratio | 2.74 | 3.00 | 2.97 | 3.09 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $446,881K ÷ $163,183K
= 2.74
Exponent Inc's current ratio has shown fluctuations over the past five years, ranging from a high of 4.02 in March 2021 to a low of 2.20 in December 2022. The current ratio measures the company's ability to cover its short-term obligations with its current assets, with a higher ratio indicating a stronger liquidity position.
Overall, Exponent Inc's current ratio has generally remained above 2.0, which is typically considered the minimum acceptable level for most industries. This suggests that the company has had a relatively healthy liquidity position, with a comfortable buffer to meet its short-term obligations. However, it's worth noting that the current ratio has experienced a declining trend in recent quarters, dropping to 2.74 in December 2024.
It is important for stakeholders to monitor this trend closely as a sustained decrease in the current ratio may indicate potential liquidity challenges for the company in meeting its short-term financial obligations. Further analysis of the composition of current assets and liabilities would provide more insights into Exponent Inc's liquidity management and financial health.
Peer comparison
Dec 31, 2024