MYR Group Inc (MYRG)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,014,660 | 1,031,620 | 1,017,300 | 1,026,190 | 1,026,240 | 1,032,280 | 940,201 | 848,342 | 890,291 | 834,858 | 784,410 | 715,595 | 748,390 | 700,635 | 691,329 | 665,366 | 636,684 | 658,762 | 594,916 | 628,802 |
| Total current liabilities | US$ in thousands | 748,900 | 762,436 | 747,443 | 732,358 | 747,202 | 740,651 | 684,560 | 624,845 | 666,960 | 585,014 | 565,406 | 498,264 | 498,599 | 455,701 | 469,879 | 447,824 | 443,400 | 459,554 | 403,534 | 378,244 |
| Current ratio | 1.35 | 1.35 | 1.36 | 1.40 | 1.37 | 1.39 | 1.37 | 1.36 | 1.33 | 1.43 | 1.39 | 1.44 | 1.50 | 1.54 | 1.47 | 1.49 | 1.44 | 1.43 | 1.47 | 1.66 |
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 fluctuated over the past few years, ranging from a low of 1.33 as of December 31, 2022, to a high of 1.66 as of March 31, 2020. The current ratio measures the company's ability to meet its short-term obligations with its current assets, with a ratio above 1 indicating that the company has more current assets than current liabilities.
Overall, the company has maintained a current ratio above 1, indicating a generally healthy liquidity position. Although there have been fluctuations in the ratio, it has mostly remained within a reasonable range, suggesting that MYR Group Inc has the ability to cover its short-term liabilities using its current assets.
It is important to continue monitoring the current ratio to ensure that the company can continue meeting its short-term financial obligations and manage its liquidity effectively.
Peer comparison
Dec 31, 2024