Kelly Services A Inc (KELYA)

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	1,626,600	1,591,500	1,628,200	1,632,500	1,715,200	1,730,100	1,737,000	1,826,300	1,588,700	1,538,400	1,509,300	1,595,600	1,549,600	1,431,000	1,377,200	1,365,800	1,405,700	1,365,800	1,392,900	1,400,200
Total current liabilities	US$ in thousands	1,019,900	1,025,300	1,054,900	1,050,900	1,128,800	1,143,000	1,161,000	1,196,300	1,095,200	1,078,000	1,053,900	962,900	925,600	796,500	791,400	842,800	884,100	900,000	931,100	973,400
Current ratio		1.59	1.55	1.54	1.55	1.52	1.51	1.50	1.53	1.45	1.43	1.43	1.66	1.67	1.80	1.74	1.62	1.59	1.52	1.50	1.44

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,626,600K ÷ $1,019,900K
= 1.59

The current ratio of Kelly Services, Inc. has shown relatively stable performance over the past eight quarters, ranging from 1.50 to 1.59. This indicates that the company has consistently maintained a strong ability to meet its short-term obligations with its current assets.

With the current ratio hovering between 1.50 to 1.59, Kelly Services has generally held more current assets than current liabilities throughout the periods analyzed. This signifies a healthy liquidity position and suggests that the company is well-equipped to cover its short-term financial obligations.

Overall, the trend in the current ratio of Kelly Services, Inc. reflects a solid financial position and efficient management of working capital, which is crucial for sustaining operations and potential growth opportunities.