Enviri Corporation (NVRI)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 827,356 | 767,735 | 874,973 | 815,823 | 652,812 |
| Total current liabilities | US$ in thousands | 655,233 | 597,281 | 601,391 | 537,955 | 464,894 |
| Current ratio | 1.26 | 1.29 | 1.45 | 1.52 | 1.40 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $827,356K ÷ $655,233K
= 1.26
The current ratio of Enviri Corp has fluctuated over the past five years, ranging from 1.26 to 1.52. A current ratio above 1 indicates that the company's current assets are sufficient to cover its current liabilities.
In 2023, the current ratio decreased slightly to 1.26 from 1.29 in 2022. This decline may suggest that Enviri Corp's current assets relative to its current liabilities have decreased, which could potentially indicate a decreased ability to cover short-term obligations.
Comparing to the previous years, the current ratio in 2023 remains within a reasonable range, although it is on the lower side compared to the ratios in 2021 and 2020. A decreasing trend over the past two years may be a point of concern for stakeholders, as it could indicate potential liquidity challenges or issues managing short-term obligations.
Further analysis of the components of current assets and liabilities would provide additional insights into the company's liquidity position and ability to meet its short-term financial obligations effectively.