Liquidity Services Inc (LQDT)

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	137,963	146,268	134,902	130,577	113,638	129,594	120,340	112,172	120,485	131,842	139,505	114,905	100,871	94,579	94,930	75,846	70,523	89,925	90,849	93,495
Total current liabilities	US$ in thousands	107,096	120,718	120,194	124,047	105,437	123,503	126,891	132,586	125,021	109,173	109,998	98,413	77,293	74,324	80,236	65,341	57,261	68,822	67,531	63,801
Current ratio		1.29	1.21	1.12	1.05	1.08	1.05	0.95	0.85	0.96	1.21	1.27	1.17	1.31	1.27	1.18	1.16	1.23	1.31	1.35	1.47

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $137,963K ÷ $107,096K
= 1.29

The current ratio of Liquidity Services Inc has shown a relatively stable trend over the past eight quarters, varying between 0.85 to 1.29. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position, as the company has more current assets to cover its current liabilities.

In this case, the current ratio has generally been above 1, which suggests that Liquidity Services Inc has had sufficient current assets to cover its short-term liabilities. However, the ratio dipped to 0.85 in Q2 2022, which may have raised some concerns about the company's ability to meet its short-term obligations at that point in time.

Overall, the current ratio of Liquidity Services Inc has been within a reasonable range in the recent quarters, indicating a generally healthy liquidity position. Investors and analysts may want to continue monitoring this ratio to ensure that the company's short-term liquidity remains sustainable.