Medpace Holdings Inc (MEDP)

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	593,828	448,881	378,927	367,622	333,962	337,741	328,887	355,969	690,912	641,220	550,100	533,380	473,651	395,005	319,082	303,002	317,028	250,397	194,344	182,375
Total current liabilities	US$ in thousands	925,131	848,518	852,437	881,889	803,470	820,868	878,959	579,428	557,217	517,182	472,607	447,306	440,110	358,396	337,984	338,651	343,002	314,392	296,073	264,541
Current ratio		0.64	0.53	0.44	0.42	0.42	0.41	0.37	0.61	1.24	1.24	1.16	1.19	1.08	1.10	0.94	0.89	0.92	0.80	0.66	0.69

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 displayed fluctuations over the past eight quarters. The current ratio measures a company's ability to cover its short-term liabilities with its current assets.

In Q4 2023, the current ratio stood at 0.64, indicating that the company had $0.64 in current assets for every $1 in current liabilities. This was an improvement compared to the previous quarter where the ratio was 0.53.

The current ratio had been relatively low in the previous quarters, ranging from 0.37 to 0.42. Q1 2022 had the same ratio as Q4 2022 and showed a slight improvement in Q2 and Q3 of 2022 with ratios of 0.41 and 0.37, respectively.

The fluctuating current ratio suggests some volatility in the company's ability to meet its short-term financial obligations in the recent quarters. It is important for the company to closely monitor and manage its current assets and liabilities to ensure liquidity and financial stability in the future.