NV5 Global Inc (NVEE)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 329,064 | 290,676 | 303,970 | 288,876 | 251,200 |
| Total current liabilities | US$ in thousands | 159,419 | 160,894 | 163,951 | 136,186 | 114,358 |
| Current ratio | 2.06 | 1.81 | 1.85 | 2.12 | 2.20 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $329,064K ÷ $159,419K
= 2.06
NV5 Global Inc's current ratio has exhibited some fluctuations over the past five years. The current ratio indicates the company's ability to meet its short-term obligations with its current assets.
In 2023, NV5 Global Inc's current ratio stands at 2.06, showing an improvement from the previous year's ratio of 1.81. This suggests that the company's current assets have increased in proportion to its current liabilities, indicating a stronger liquidity position.
Comparing to the ratios from 2021, 2020, and 2019, NV5 Global Inc's current ratio has been relatively stable, hovering around 2.0. This indicates that the company has been consistently able to cover its short-term obligations with its current assets over these years.
Overall, NV5 Global Inc's current ratio has shown positive trends in 2023, indicating improving liquidity and the company's ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023