NV5 Global Inc (NVEE)
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 | 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 | 251,200 | 194,833 | 204,052 | 183,316 |
| Total current liabilities | US$ in thousands | 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 | 114,358 | 80,182 | 76,618 | 72,968 |
| Current ratio | 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 | 2.20 | 2.43 | 2.66 | 2.51 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $329,064K ÷ $159,419K
= 2.06
The current ratio of NV5 Global Inc has been fluctuating over the past few quarters. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
From the data provided:
- The current ratio for NV5 Global Inc was 2.06 as of Dec 31, 2023, indicating that the company had $2.06 in current assets for every $1 in current liabilities.
- The current ratio ranged from 1.79 to 2.56 over the past year, with an average of around 2.08.
A current ratio above 1 suggests that NV5 Global Inc has more current assets than current liabilities, which is generally considered a positive sign. A ratio of around 2 indicates that the company is in a strong position to meet its short-term obligations.
Overall, the current ratio of NV5 Global Inc has shown variability but has generally remained at healthy levels, providing a solid indication of the company's liquidity position and ability to manage its short-term financial obligations.
Peer comparison
Dec 31, 2023