Interpublic Group of Companies Inc (IPG)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 10,606,000 | 10,950,400 | 10,325,200 | 11,231,800 | 9,367,600 |
| Total current liabilities | US$ in thousands | 9,758,000 | 10,330,900 | 9,983,200 | 10,890,000 | 9,580,500 |
| Current ratio | 1.09 | 1.06 | 1.03 | 1.03 | 0.98 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $10,606,000K ÷ $9,758,000K
= 1.09
The current ratio of Interpublic Group of Companies Inc has shown a steady increase over the past five years, starting from 0.98 in December 2020 to 1.09 in December 2024. This indicates that the company's current assets have been gradually increasing relative to its current liabilities, showing improved short-term liquidity and financial health. A current ratio above 1 indicates that the company has more current assets to cover its current liabilities, which is a positive sign for creditors and investors. Overall, the increasing trend in the current ratio suggests that Interpublic Group of Companies Inc has been managing its short-term obligations effectively over the specified period.
Peer comparison
Dec 31, 2024