NV5 Global Inc (NVEE)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 411,011 | 399,122 | 354,246 | 332,112 | 329,064 | 349,586 | 305,630 | 301,685 | 290,676 | 314,456 | 291,026 | 308,323 | 303,970 | 348,106 | 316,744 | 282,898 | 288,876 | 279,728 | 285,171 | 258,451 |
| Total current liabilities | US$ in thousands | 210,254 | 194,827 | 154,834 | 162,229 | 159,419 | 193,610 | 166,529 | 168,727 | 160,894 | 163,874 | 156,228 | 152,862 | 163,951 | 135,805 | 134,198 | 136,331 | 136,186 | 113,334 | 119,236 | 109,389 |
| Current ratio | 1.95 | 2.05 | 2.29 | 2.05 | 2.06 | 1.81 | 1.84 | 1.79 | 1.81 | 1.92 | 1.86 | 2.02 | 1.85 | 2.56 | 2.36 | 2.08 | 2.12 | 2.47 | 2.39 | 2.36 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $411,011K ÷ $210,254K
= 1.95
The current ratio of NV5 Global Inc has experienced fluctuations over the years, ranging from a high of 2.56 on September 30, 2021, to a low of 1.79 on March 31, 2023. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a positive sign of liquidity.
The current ratio saw an increase in the initial period, peaking at 2.56 on September 30, 2021. However, there was a noticeable drop in the ratio towards the end of 2021 and into 2022, falling to around 1.81-1.92 range. Despite a slight recovery in the following periods, the ratio remained below the levels seen in 2020 and early 2021.
It is important to note that a current ratio below 2 may indicate liquidity issues or an imbalance between current assets and current liabilities. Furthermore, the decrease in the current ratio over time could suggest potential challenges in meeting short-term obligations with current assets alone. Management should closely monitor this trend and take appropriate actions to ensure the company's liquidity position remains healthy.
Peer comparison
Dec 31, 2024