Gartner Inc (IT)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,427,890 | 2,786,110 | 2,620,080 | 2,323,060 | 2,018,740 |
| Total current liabilities | US$ in thousands | 3,777,720 | 3,597,600 | 3,378,780 | 2,947,490 | 2,856,530 |
| Current ratio | 0.91 | 0.77 | 0.78 | 0.79 | 0.71 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,427,890K ÷ $3,777,720K
= 0.91
The current ratio of Gartner, Inc. has shown fluctuations over the past five years. As of December 31, 2023, the current ratio stands at 0.91, indicating that the company's current assets are slightly higher than its current liabilities. This may suggest a relatively healthy short-term liquidity position.
Compared to the previous years, the current ratio has improved from 0.77 in 2022, 0.78 in 2021, and 0.79 in 2020. However, it is still lower than the 0.71 reported in 2019.
While the current ratio is above 1, which is typically considered the benchmark for a healthy liquidity position, it is important to monitor the trend over time to ensure the company can meet its short-term obligations efficiently. Further analysis into the composition of current assets and liabilities would provide a more in-depth understanding of Gartner, Inc.'s liquidity position.
Peer comparison
Dec 31, 2023