ManpowerGroup Inc (MAN)

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	5,572,100	5,336,600	5,590,900	5,657,900	5,934,400	5,421,800	6,401,900	6,369,500	6,422,700	6,858,700	6,829,700	6,624,300	6,666,400	6,348,100	5,892,700	6,059,100	6,484,500	6,074,800	6,376,800	6,035,400
Total current liabilities	US$ in thousands	4,799,700	4,427,700	4,616,400	4,579,600	4,911,700	4,450,000	5,401,100	5,697,200	5,780,500	5,349,400	4,950,200	4,750,400	4,684,800	4,275,500	3,937,600	4,075,500	4,441,400	4,111,300	4,359,900	4,216,800
Current ratio		1.16	1.21	1.21	1.24	1.21	1.22	1.19	1.12	1.11	1.28	1.38	1.39	1.42	1.48	1.50	1.49	1.46	1.48	1.46	1.43

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $5,572,100K ÷ $4,799,700K
= 1.16

The current ratio of ManpowerGroup has shown consistency over the past eight quarters, ranging from 1.12 to 1.24. The ratio indicates the company's ability to cover its short-term liabilities with its current assets, with a higher ratio suggesting a stronger ability to meet its short-term obligations. ManpowerGroup's current ratio has generally remained above 1, indicating that the company has had sufficient current assets to cover its current liabilities each quarter. Overall, the company's current ratio has been relatively stable, reflecting a consistent level of liquidity and financial health in managing its short-term obligations.