N-Able Inc (NABL)

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
Total current assets	US$ in thousands	224,791	203,949	183,637	162,617	154,156	143,592	143,426	126,618	120,989	113,782	90,794
Total current liabilities	US$ in thousands	81,717	79,626	73,623	63,851	61,814	59,421	58,481	56,063	60,878	57,962	57,701
Current ratio		2.75	2.56	2.49	2.55	2.49	2.42	2.45	2.26	1.99	1.96	1.57

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 gradually increasing over the past few quarters, indicating an improving short-term liquidity position. The current ratio measures the company's ability to cover its short-term obligations with its current assets, with a higher ratio generally indicating a stronger financial position.

N-Able Inc's current ratio has fluctuated between 1.57 and 2.75 over the last year. The ratio hit a low of 1.57 in June 2021 but has steadily increased since then. As of December 31, 2023, the current ratio stands at 2.75, which means that the company has $2.75 in current assets for every $1 in current liabilities.

Overall, the increasing trend in the current ratio suggests that N-Able Inc has been able to better manage its short-term obligations and maintain a healthier liquidity position. However, it is important to continue monitoring this ratio to ensure the company remains capable of meeting its short-term financial commitments.