Maximus Inc (MMS)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,200,540 | 1,055,470 | 1,032,310 | 1,079,490 | 932,558 |
| Total current liabilities | US$ in thousands | 807,529 | 723,014 | 774,447 | 789,433 | 561,168 |
| Current ratio | 1.49 | 1.46 | 1.33 | 1.37 | 1.66 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,200,540K ÷ $807,529K
= 1.49
The current ratio of Maximus Inc has fluctuated over the past five years, ranging from 1.33 in 2022 to 1.66 in 2020. As of September 30, 2024, the current ratio stands at 1.49, indicating that the company has $1.49 in current assets for every $1 in current liabilities.
A current ratio above 1 signifies that Maximus Inc has sufficient current assets to cover its current liabilities, suggesting a relatively healthy liquidity position. The upward trend observed from 2022 to 2020 indicates an improvement in the company's ability to meet short-term obligations. However, the slight decrease from 2023 to 2024 may warrant further monitoring to ensure that the company continues to maintain a comfortable liquidity position.
Overall, Maximus Inc's current ratio suggests that the company is managing its short-term financial obligations effectively, although ongoing monitoring and analysis are recommended to assess any potential liquidity challenges in the future.
Peer comparison
Sep 30, 2024