Genpact Limited (G)
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 | 1,891,510 | 1,869,550 | 1,748,110 | 1,733,560 | 1,779,490 | 1,758,380 | 1,719,300 | 1,984,730 | 1,921,640 | 2,075,240 | 1,882,110 | 1,711,630 | 1,748,870 | 1,878,710 | 1,916,230 | 1,478,940 | 1,551,680 | 1,556,860 | 1,459,800 | 1,394,540 |
| Total current liabilities | US$ in thousands | 1,317,930 | 978,958 | 931,443 | 944,524 | 1,103,320 | 1,633,110 | 1,091,290 | 1,383,290 | 1,308,800 | 1,312,350 | 1,240,710 | 843,738 | 1,202,640 | 1,146,650 | 1,283,320 | 944,057 | 910,211 | 1,064,190 | 1,003,150 | 1,011,780 |
| Current ratio | 1.44 | 1.91 | 1.88 | 1.84 | 1.61 | 1.08 | 1.58 | 1.43 | 1.47 | 1.58 | 1.52 | 2.03 | 1.45 | 1.64 | 1.49 | 1.57 | 1.70 | 1.46 | 1.46 | 1.38 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,891,510K ÷ $1,317,930K
= 1.44
Genpact Ltd's current ratio has shown some fluctuations over the past eight quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
In Q4 2023, the current ratio stands at 1.44, indicating that the company has $1.44 in current assets for every $1 in current liabilities. This suggests a healthy liquidity position.
Comparing this to the previous quarters, the current ratio has seen a marked improvement from Q3 2022 to Q3 2023, reaching a peak of 1.91 in Q3 2023. This significant increase indicates that Genpact Ltd has strengthened its ability to meet short-term obligations efficiently.
However, it is worth noting that there was a slight decrease from Q3 2023 to Q4 2023. While the current ratio remains above 1, reflecting a comfortable liquidity position, management may want to monitor any further decreases in the current ratio to ensure the company can continue to cover its short-term liabilities effectively.
Overall, Genpact Ltd's current ratio trend indicates that the company has maintained a fairly stable liquidity position over the past eight quarters, with room for improvement to ensure optimal management of short-term obligations.
Peer comparison
Dec 31, 2023