FTI Consulting Inc (FCN)
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 | 1,555,450 | 1,567,230 | 1,480,280 | 1,352,400 | 1,510,600 | 1,393,420 | 1,291,720 | 1,221,390 | 1,370,030 | 1,268,490 | 1,213,460 | 1,151,150 | 1,129,710 | 1,175,730 | 1,127,340 | 1,066,450 | 1,178,660 | 1,096,150 | 1,019,260 | 921,214 |
| Total current liabilities | US$ in thousands | 892,769 | 708,531 | 644,701 | 538,452 | 769,491 | 648,999 | 570,894 | 509,930 | 718,116 | 645,622 | 562,562 | 495,778 | 670,171 | 608,261 | 517,468 | 451,341 | 612,537 | 546,784 | 463,878 | 391,465 |
| Current ratio | 1.74 | 2.21 | 2.30 | 2.51 | 1.96 | 2.15 | 2.26 | 2.40 | 1.91 | 1.96 | 2.16 | 2.32 | 1.69 | 1.93 | 2.18 | 2.36 | 1.92 | 2.00 | 2.20 | 2.35 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,555,450K ÷ $892,769K
= 1.74
FTI Consulting Inc.'s current ratio has shown fluctuations over the past eight quarters, ranging from a low of 1.74 in Q4 2023 to a high of 2.51 in Q1 2023. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets, with a ratio above 1 indicating the company has more current assets than current liabilities.
A current ratio above 1 is generally considered healthy, as it suggests the company can easily meet its short-term obligations. FTI Consulting's current ratios have mostly been above 2 over the past eight quarters, indicating a strong ability to cover short-term liabilities with current assets. However, the recent drop in the current ratio from Q1 to Q4 2023 could suggest potential liquidity challenges or changes in the company's short-term asset management.
Overall, the trend in FTI Consulting Inc.'s current ratio indicates a generally strong liquidity position, but further analysis and monitoring may be necessary to understand the underlying reasons for the fluctuations in the ratio.
Peer comparison
Dec 31, 2023