Manhattan Associates Inc (MANH)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	479,190	415,375	408,419	334,041	232,041
Total current liabilities	US$ in thousands	365,915	315,595	249,042	196,986	181,596
Current ratio		1.31	1.32	1.64	1.70	1.28

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $479,190K ÷ $365,915K
= 1.31

The current ratio of Manhattan Associates, Inc. has exhibited slight fluctuations over the past five years. As of December 31, 2023, the current ratio stands at 1.31, which indicates a slight decrease compared to the previous year.

The trend in the current ratio suggests that the company may be having more challenges in meeting its short-term obligations with its current assets in the most recent fiscal year. However, it should be noted that a current ratio of 1.31 still indicates that the company has $1.31 in current assets for every $1 in current liabilities, showing a generally healthy liquidity position.

Further analysis and examination of the company's current assets and current liabilities composition would provide more insights into the factors driving the changes in the current ratio over the years.