Medpace Holdings Inc (MEDP)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 593,828 | 333,962 | 690,912 | 473,651 | 317,028 |
| Total current liabilities | US$ in thousands | 925,131 | 803,470 | 557,217 | 440,110 | 343,002 |
| Current ratio | 0.64 | 0.42 | 1.24 | 1.08 | 0.92 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $593,828K ÷ $925,131K
= 0.64
The current ratio of Medpace Holdings Inc has exhibited fluctuations over the past five years. In 2023, the current ratio stands at 0.64, showing a decrease from the previous year. This decline may indicate potential liquidity challenges as the company may have fewer current assets to cover its current liabilities. Furthermore, the current ratio has been below 1 for the last three years, suggesting that the company's current liabilities exceed its current assets during these periods. This could raise concerns about the firm's short-term financial health and ability to meet its obligations. Overall, the trend in Medpace Holdings Inc's current ratio warrants further monitoring and assessment of its liquidity position.
Peer comparison
Dec 31, 2023