Gartner Inc (IT)
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 | 3,427,890 | 2,837,560 | 2,899,180 | 2,903,320 | 2,786,110 | 1,980,260 | 1,981,280 | 2,273,930 | 2,620,080 | 2,108,850 | 2,257,170 | 1,997,860 | 2,323,060 | 1,865,400 | 1,767,180 | 1,772,620 | 2,018,740 | 1,706,500 | 1,691,100 | 1,716,010 |
| Total current liabilities | US$ in thousands | 3,777,720 | 3,312,710 | 3,337,250 | 3,454,260 | 3,597,600 | 3,085,890 | 3,178,380 | 3,260,420 | 3,378,780 | 2,904,540 | 2,909,610 | 2,812,420 | 2,947,490 | 2,521,560 | 2,539,320 | 2,530,340 | 2,856,530 | 2,527,260 | 2,482,150 | 2,568,920 |
| Current ratio | 0.91 | 0.86 | 0.87 | 0.84 | 0.77 | 0.64 | 0.62 | 0.70 | 0.78 | 0.73 | 0.78 | 0.71 | 0.79 | 0.74 | 0.70 | 0.70 | 0.71 | 0.68 | 0.68 | 0.67 |
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 been fluctuating over the past eight quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations.
In Q4 2023, the current ratio improved to 0.91 from 0.86 in Q3 2023. This suggests an increase in the company's ability to cover its short-term liabilities with its current assets. However, the current ratio is still below 1, signaling that Gartner, Inc. may still face challenges in meeting its short-term obligations.
The trend over the past quarters indicates some volatility in the company's liquidity position. It is important for Gartner, Inc. to closely monitor and manage its current assets and liabilities to ensure it can meet its short-term financial obligations as they come due. Further analysis of individual components of current assets and liabilities may provide additional insights into the company's liquidity position.
Peer comparison
Dec 31, 2023