MYR Group Inc (MYRG)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,014,660 | 1,026,240 | 890,291 | 748,390 | 636,684 |
| Total current liabilities | US$ in thousands | 748,900 | 747,202 | 666,960 | 498,599 | 443,400 |
| Current ratio | 1.35 | 1.37 | 1.33 | 1.50 | 1.44 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,014,660K ÷ $748,900K
= 1.35
The current ratio of MYR Group Inc has shown a fluctuating trend over the past five years. As of December 31, 2020, the current ratio stood at 1.44, indicating that the company had $1.44 in current assets for every $1 in current liabilities. This ratio increased to 1.50 by December 31, 2021, reflecting improved liquidity position. However, there was a slight decrease in the current ratio to 1.33 by December 31, 2022, suggesting a potential strain on the company's ability to meet short-term obligations.
By December 31, 2023, the current ratio improved to 1.37, indicating a better liquidity position compared to the previous year. Lastly, as of December 31, 2024, the current ratio stood at 1.35, showing a relatively stable liquidity position. Overall, the company's current ratio has displayed some variability, but generally indicates that MYR Group Inc has maintained a satisfactory ability to meet its short-term liabilities with current assets over the analyzed period.
Peer comparison
Dec 31, 2024