MYR Group Inc (MYRG)
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 | 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 | 639,184 | 639,415 | 513,379 | 505,756 |
| Total current liabilities | US$ in thousands | 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 | 396,814 | 393,521 | 304,100 | 293,560 |
| Current ratio | 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 | 1.61 | 1.62 | 1.69 | 1.72 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,026,240K ÷ $747,202K
= 1.37
The current ratio of MYR Group Inc has been relatively stable over the past eight quarters, ranging from 1.33 to 1.44. The current ratio indicates the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a healthy sign.
MYR Group Inc's current ratio has been consistently above 1, which suggests that the company has sufficient current assets to cover its short-term liabilities. The slight fluctuations in the ratio over the quarters may be due to changes in the composition of current assets and liabilities in the company's financial structure.
Overall, the current ratio trend indicates that MYR Group Inc has maintained a strong liquidity position and is likely able to meet its short-term obligations comfortably. However, it is important for the company to continue monitoring and managing its current assets and liabilities effectively to ensure sustained liquidity.
Peer comparison
Dec 31, 2023