N-Able Inc (NABL)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Total current assets | US$ in thousands | 224,791 | 154,156 | 120,989 |
| Total current liabilities | US$ in thousands | 81,717 | 61,814 | 60,878 |
| Current ratio | 2.75 | 2.49 | 1.99 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $224,791K ÷ $81,717K
= 2.75
The current ratio of N-Able Inc has been improving over the past three years, indicating an increasing ability to meet short-term obligations with current assets. The current ratio was 2.75 as of December 31, 2023, compared to 2.49 in 2022 and 1.99 in 2021. This trend suggests that the company's liquidity position has strengthened over time. A current ratio above 1.0 generally indicates that the company can cover its current liabilities with its current assets, and a higher ratio may signify a more favorable liquidity position. N-Able Inc's current ratio of 2.75 as of December 31, 2023, reflects a healthy liquidity position that has been steadily improving.
Peer comparison
Dec 31, 2023