ManpowerGroup Inc (MAN)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,970,300 | 5,572,100 | 5,934,400 | 6,422,700 | 6,666,400 |
| Total current liabilities | US$ in thousands | 4,437,100 | 4,799,700 | 4,911,700 | 5,780,500 | 4,684,800 |
| Current ratio | 1.12 | 1.16 | 1.21 | 1.11 | 1.42 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,970,300K ÷ $4,437,100K
= 1.12
The current ratio of ManpowerGroup Inc has shown some fluctuation over the years. As of December 31, 2020, the company's current ratio was 1.42, indicating that it had $1.42 in current assets for every $1 in current liabilities. However, by December 31, 2021, the ratio had decreased to 1.11, implying a potential strain on the company's ability to meet its short-term obligations.
Subsequently, the current ratio improved to 1.21 by December 31, 2022, suggesting a better liquidity position compared to the previous year. However, there was a slight decline to 1.16 by December 31, 2023, indicating a potential decrease in the company's ability to cover its short-term liabilities.
As of December 31, 2024, the current ratio further decreased to 1.12. This downward trend may raise concerns about the company's liquidity and its ability to meet its short-term financial commitments efficiently. Overall, the fluctuation in the current ratio of ManpowerGroup Inc highlights the importance of closely monitoring the company's liquidity position and managing its current assets and liabilities effectively.
Peer comparison
Dec 31, 2024