Comfort Systems USA Inc (FIX)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,790,240 | 1,911,100 | 1,307,670 | 1,027,320 | 811,852 |
| Total current liabilities | US$ in thousands | 2,582,770 | 1,721,200 | 1,170,800 | 836,554 | 692,904 |
| Current ratio | 1.08 | 1.11 | 1.12 | 1.23 | 1.17 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,790,240K ÷ $2,582,770K
= 1.08
Comfort Systems USA Inc's current ratio has shown some fluctuations over the years. As of December 31, 2020, the current ratio stood at 1.17, indicating that the company had $1.17 in current assets for every $1 in current liabilities.
By December 31, 2021, the current ratio improved slightly to 1.23, suggesting a stronger liquidity position compared to the previous year.
However, there was a slight decline in the current ratio to 1.12 by December 31, 2022, followed by a further decrease to 1.11 by December 31, 2023. These reductions may indicate some challenges in managing current assets and liabilities efficiently during these periods.
The trend continued with a current ratio of 1.08 as of December 31, 2024, reflecting a potential concern regarding the company's short-term liquidity position.
Overall, while the current ratio has been relatively close to or slightly above 1 in recent years, investors and stakeholders may want to monitor Comfort Systems USA Inc's ability to meet its short-term obligations in the future.
Peer comparison
Dec 31, 2024