Interpublic Group of Companies Inc (IPG)
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 | 10,950,400 | 8,645,400 | 8,641,000 | 8,170,900 | 10,325,200 | 8,534,900 | 8,760,800 | 9,270,000 | 11,231,800 | 9,132,900 | 8,782,500 | 7,770,200 | 9,367,600 | 7,284,300 | 6,214,300 | 7,596,700 | 8,770,700 | 7,050,000 | 7,475,400 | 7,247,000 |
| Total current liabilities | US$ in thousands | 10,330,900 | 8,326,200 | 8,355,300 | 7,960,000 | 9,983,200 | 8,169,200 | 8,462,700 | 8,954,200 | 10,890,000 | 9,049,000 | 8,796,700 | 7,984,500 | 9,580,500 | 7,227,900 | 6,366,500 | 7,795,900 | 9,420,400 | 7,398,400 | 7,731,300 | 7,531,100 |
| Current ratio | 1.06 | 1.04 | 1.03 | 1.03 | 1.03 | 1.04 | 1.04 | 1.04 | 1.03 | 1.01 | 1.00 | 0.97 | 0.98 | 1.01 | 0.98 | 0.97 | 0.93 | 0.95 | 0.97 | 0.96 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $10,950,400K ÷ $10,330,900K
= 1.06
Based on the data provided, the current ratio of Interpublic Group Of Cos., Inc. has been relatively stable over the past eight quarters, ranging from 1.03 to 1.06. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a stronger ability to meet short-term obligations.
With current ratios mostly around or slightly above 1.04, Interpublic Group Of Cos., Inc. appears to have a generally healthy liquidity position. A current ratio of 1.04 means that for every dollar of current liabilities, the company has $1.04 of current assets available, which suggests that it can comfortably meet its short-term debt obligations.
However, it is important to note that while the current ratio provides insight into short-term liquidity, it is just one of many indicators and should be analyzed alongside other financial metrics to get a comprehensive view of the company's financial health.
Peer comparison
Dec 31, 2023