Comfort Systems USA Inc (FIX)
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 | 1,911,100 | 1,812,230 | 1,500,320 | 1,459,020 | 1,307,670 | 1,358,090 | 1,238,220 | 1,139,630 | 1,027,320 | 904,711 | 819,400 | 762,572 | 811,852 | 811,296 | 792,505 | 878,443 | 790,184 | 750,402 | 726,582 | 557,272 |
| Total current liabilities | US$ in thousands | 1,721,200 | 1,628,990 | 1,481,480 | 1,406,660 | 1,170,800 | 1,044,000 | 968,180 | 857,199 | 836,554 | 742,262 | 721,410 | 691,688 | 692,904 | 655,343 | 681,486 | 599,625 | 607,997 | 577,732 | 527,050 | 409,843 |
| Current ratio | 1.11 | 1.11 | 1.01 | 1.04 | 1.12 | 1.30 | 1.28 | 1.33 | 1.23 | 1.22 | 1.14 | 1.10 | 1.17 | 1.24 | 1.16 | 1.46 | 1.30 | 1.30 | 1.38 | 1.36 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,911,100K ÷ $1,721,200K
= 1.11
Comfort Systems USA, Inc.'s current ratio has fluctuated over the past eight quarters, ranging from 1.01 to 1.33. A current ratio below 1 indicates potential liquidity issues, but the company has consistently maintained a current ratio above this threshold. The current ratio peaked in Q2 2022 at 1.33 and has since experienced a decreasing trend, reaching its lowest point in Q2 2023 at 1.01. Overall, the current ratio of Comfort Systems USA, Inc. indicates that the company has generally been able to meet its short-term obligations with its current assets, although the decreasing trend in recent quarters may warrant further monitoring to ensure continued liquidity.
Peer comparison
Dec 31, 2023