Enviri Corporation (NVRI)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 710,525 | 827,356 | 767,735 | 874,973 | 815,823 |
| Total current liabilities | US$ in thousands | 566,382 | 655,233 | 597,281 | 601,391 | 537,955 |
| Current ratio | 1.25 | 1.26 | 1.29 | 1.45 | 1.52 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $710,525K ÷ $566,382K
= 1.25
Based on the provided data for Enviri Corporation's current ratio over the years from December 31, 2020, to December 31, 2024, there is a downward trend observed. The current ratio decreased from 1.52 in 2020 to 1.25 in 2024.
A current ratio above 1 indicates that the company's current assets are sufficient to cover its current liabilities. In this case, Enviri Corporation has maintained a current ratio above 1 throughout the years, suggesting that it has the ability to meet its short-term financial obligations.
However, the declining trend in the current ratio may indicate potential liquidity concerns or inefficiencies in managing current assets and liabilities. It is important for the company to monitor its liquidity position closely and consider strategies to improve its current ratio to ensure continued financial health and stability.