Heidrick & Struggles International (HSII)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 693,214 | 823,819 | 745,388 | 472,686 | 494,482 |
| Total current liabilities | US$ in thousands | 438,691 | 588,477 | 534,694 | 318,238 | 345,342 |
| Current ratio | 1.58 | 1.40 | 1.39 | 1.49 | 1.43 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $693,214K ÷ $438,691K
= 1.58
The current ratio for Heidrick & Struggles International, Inc. has fluctuated over the past five years, ranging from 1.39 to 1.58. The trend in the current ratio indicates the company's ability to cover its short-term obligations with its current assets.
In 2023, the current ratio improved to 1.58 from 1.40 in 2022, indicating a stronger liquidity position. This suggests that the company had $1.58 in current assets for every $1 in current liabilities at the end of 2023, showing an improvement in its ability to meet short-term obligations.
The current ratio of 1.58 in 2023 also surpasses the ratios from the previous three years (1.39 to 1.49), indicating a healthier liquidity position. Overall, the upward trend in the current ratio over the past year reflects a positive liquidity trend for Heidrick & Struggles International, Inc., suggesting improved financial stability in terms of short-term obligations.
Peer comparison
Dec 31, 2023