NV5 Global Inc (NVEE)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 411,011 | 329,064 | 290,676 | 303,970 | 288,876 |
| Total current liabilities | US$ in thousands | 210,254 | 159,419 | 160,894 | 163,951 | 136,186 |
| Current ratio | 1.95 | 2.06 | 1.81 | 1.85 | 2.12 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $411,011K ÷ $210,254K
= 1.95
Based on the provided data, the current ratio of NV5 Global Inc has shown some fluctuations over the past five years. The company's current ratio, which measures its ability to cover short-term liabilities with current assets, was 2.12 as of December 31, 2020.
However, there has been a slight decrease in the current ratio over the subsequent years, with the ratio declining to 1.85 as of December 31, 2021, and further dropping to 1.81 as of December 31, 2022. This downward trend suggests that the company may be facing challenges in maintaining its liquidity position relative to its short-term obligations during these periods.
Despite the decreases in the intervening years, there was a modest improvement in the current ratio to 2.06 as of December 31, 2023. This recovery indicates a potential strengthening of the company's liquidity position relative to the prior year.
However, by December 31, 2024, the current ratio dipped slightly to 1.95, which, although lower than the ratio in 2023, still reflects a relatively healthy liquidity position for the company.
Overall, while the current ratio of NV5 Global Inc has experienced some variability in recent years, it remains above 1 for most of the periods, indicating that the company generally has sufficient current assets to cover its current liabilities.
Peer comparison
Dec 31, 2024