Nu Skin Enterprises Inc (NUS)
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 | 701,871 | 701,122 | 792,575 | 773,562 | 759,868 | 777,842 | 882,893 | 849,208 | 872,950 | 890,872 | 961,522 | 900,888 | 903,198 | 772,262 | 785,840 | 729,569 | 740,166 | 739,129 | 788,183 | 747,682 |
| Total current liabilities | US$ in thousands | 328,871 | 434,015 | 445,039 | 372,768 | 359,243 | 365,538 | 384,143 | 494,456 | 529,694 | 540,596 | 616,297 | 561,576 | 542,856 | 466,350 | 484,635 | 420,104 | 356,760 | 368,407 | 414,548 | 402,043 |
| Current ratio | 2.13 | 1.62 | 1.78 | 2.08 | 2.12 | 2.13 | 2.30 | 1.72 | 1.65 | 1.65 | 1.56 | 1.60 | 1.66 | 1.66 | 1.62 | 1.74 | 2.07 | 2.01 | 1.90 | 1.86 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $701,871K ÷ $328,871K
= 2.13
The current ratio measures a company's ability to cover its short-term liabilities with its current assets. In the case of Nu Skin Enterprises, Inc., the current ratio has fluctuated over the past eight quarters.
In Q4 2023, Nu Skin's current ratio stands at 2.13, indicating that the company has $2.13 in current assets for every $1 of current liabilities. This suggests the company is in a strong position to meet its short-term obligations.
Comparing to the previous quarters, we observe some variability in the current ratio. Q3 2023 had a current ratio of 1.62, reflecting a decrease compared to the latest quarter. Q2 2023's current ratio was 1.78, also lower than the current quarter. Q1 2023 had a current ratio of 2.08, slightly lower than Q4 2023.
Looking back to Q4 2022, the current ratio was similar to the current quarter at 2.12, indicating stability in the company's short-term liquidity position. Q3 2022 had a current ratio of 2.13, which was maintained from Q4 2022. Q2 2022's current ratio of 2.30 was the highest among the listed quarters, signaling strong short-term liquidity. However, in Q1 2022, the current ratio dropped to 1.72, lower than the current quarter.
Overall, Nu Skin's current ratio has shown some fluctuations over the analyzed period. Still, the company generally maintains a healthy liquidity position, with the current ratio consistently above 1, indicating the ability to cover short-term obligations with current assets.
Peer comparison
Dec 31, 2023