N-Able Inc (NABL)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 183,923 | 224,791 | 154,156 | 120,989 | 135,722 |
| Total current liabilities | US$ in thousands | 150,098 | 81,717 | 61,814 | 60,878 | 54,827 |
| Current ratio | 1.23 | 2.75 | 2.49 | 1.99 | 2.48 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $183,923K ÷ $150,098K
= 1.23
The current ratio of N-Able Inc has shown fluctuations over the past five years, ranging from 1.23 to 2.75. The ratio indicates the company's ability to meet its short-term obligations with its current assets. In December 2020, the current ratio was 2.48, reflecting a strong position. However, it decreased to 1.99 by December 2021, suggesting a potential strain on liquidity. Subsequently, the ratio improved to 2.49 in 2022 and further to 2.75 in 2023, signaling better short-term financial health. However, there was a significant drop to 1.23 by December 2024, indicating a potential liquidity risk. Overall, while the current ratio has fluctuated, it is essential for N-Able Inc to maintain a healthy balance between current assets and liabilities to ensure financial stability and meet its short-term obligations efficiently.
Peer comparison
Dec 31, 2024