Interpublic Group of Companies Inc (IPG)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 10,950,400 | 10,325,200 | 11,231,800 | 9,367,600 | 8,770,700 |
| Total current liabilities | US$ in thousands | 10,330,900 | 9,983,200 | 10,890,000 | 9,580,500 | 9,420,400 |
| Current ratio | 1.06 | 1.03 | 1.03 | 0.98 | 0.93 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $10,950,400K ÷ $10,330,900K
= 1.06
Interpublic Group Of Cos., Inc.'s current ratio has shown consistent improvement over the past five years. The trend indicates a strengthening liquidity position, with the current ratio increasing from 0.93 in 2019 to 1.06 in 2023. This suggests that the company's current assets are generally sufficient to cover its current liabilities, providing a positive signal in terms of short-term financial health and ability to meet its obligations. The steady upward trajectory of the current ratio reflects a potential improvement in working capital management and a reduction in liquidity risk. Overall, this trend may indicate a more stable and secure financial position for Interpublic Group Of Cos., Inc.
Peer comparison
Dec 31, 2023