Comfort Systems USA Inc (FIX)
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 | 2,790,240 | 2,536,900 | 2,323,370 | 2,048,190 | 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 |
| Total current liabilities | US$ in thousands | 2,582,770 | 2,429,140 | 2,334,950 | 2,139,660 | 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 |
| Current ratio | 1.08 | 1.04 | 1.00 | 0.96 | 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 |
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 past few years, ranging from a low of 0.96 on March 31, 2024, to a high of 1.46 on March 31, 2020. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a good sign of liquidity.
The current ratio decreased significantly from 1.46 on March 31, 2020, to 1.10 on March 31, 2021, which could raise concerns about the company's short-term liquidity position. However, the ratio improved to 1.30 by September 30, 2022. Since then, the current ratio has been relatively stable, hovering around 1.00 to 1.30.
It is important for investors and analysts to monitor the current ratio over time to assess the company's ability to manage its short-term financial obligations effectively. A current ratio below 1 may indicate that the company is struggling to meet its short-term liabilities, while a very high current ratio may suggest that the company is not efficiently utilizing its current assets.
Peer comparison
Dec 31, 2024