Heidrick & Struggles International (HSII)
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 | 693,214 | 613,174 | 523,335 | 446,332 | 823,819 | 720,116 | 628,025 | 535,602 | 745,388 | 594,916 | 470,604 | 369,775 | 472,686 | 415,051 | 469,994 | 445,409 | 494,482 | 424,030 | 350,440 | 309,929 |
| Total current liabilities | US$ in thousands | 438,691 | 391,967 | 318,793 | 260,174 | 588,477 | 518,604 | 434,202 | 339,719 | 534,694 | 425,046 | 317,794 | 217,270 | 318,238 | 267,666 | 222,034 | 207,946 | 345,342 | 296,241 | 235,314 | 216,619 |
| Current ratio | 1.58 | 1.56 | 1.64 | 1.72 | 1.40 | 1.39 | 1.45 | 1.58 | 1.39 | 1.40 | 1.48 | 1.70 | 1.49 | 1.55 | 2.12 | 2.14 | 1.43 | 1.43 | 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 of Heidrick & Struggles International, Inc. has fluctuated over the past eight quarters, ranging from a low of 1.39 in Q3 2022 to a high of 1.72 in Q1 2023. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities to meet its short-term obligations. Heidrick & Struggles' current ratio has remained above 1 in all the quarters, indicating a healthy liquidity position. However, the slight decrease in the current ratio from Q1 2023 to Q4 2023 suggests a potential decrease in current assets relative to current liabilities. It will be important to monitor this trend to ensure the company can continue to meet its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023