Enviri Corporation (NVRI)
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 | 710,525 | 806,164 | 783,239 | 783,649 | 827,356 | 831,397 | 824,924 | 792,660 | 767,735 | 797,045 | 790,054 | 892,485 | 874,973 | 887,582 | 861,356 | 846,321 | 815,823 | 814,973 | 798,086 | 680,780 |
| Total current liabilities | US$ in thousands | 566,382 | 619,079 | 593,887 | 577,783 | 655,233 | 592,889 | 606,967 | 618,278 | 597,281 | 591,698 | 598,393 | 593,560 | 601,391 | 578,282 | 550,913 | 518,732 | 537,955 | 539,966 | 512,984 | 450,750 |
| Current ratio | 1.25 | 1.30 | 1.32 | 1.36 | 1.26 | 1.40 | 1.36 | 1.28 | 1.29 | 1.35 | 1.32 | 1.50 | 1.45 | 1.53 | 1.56 | 1.63 | 1.52 | 1.51 | 1.56 | 1.51 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $710,525K ÷ $566,382K
= 1.25
The current ratio of Enviri Corporation has shown some fluctuation over the past few years, ranging from a low of 1.25 to a high of 1.63. This ratio indicates the company's ability to cover its short-term liabilities with its current assets.
Enviri Corporation generally maintained a current ratio above 1, which is considered a healthy sign as it implies the company has more current assets than current liabilities. However, a current ratio that is too high may suggest that the company is not effectively utilizing its current assets to generate revenue.
The current ratio peaked at 1.63 on March 31, 2021, indicating a strong ability to cover short-term liabilities at that point in time. On the other hand, the lowest current ratio of 1.25 on December 31, 2024, may raise concerns about the company's liquidity position.
Overall, Enviri Corporation's current ratio trend suggests that the company has generally maintained a reasonable level of liquidity to meet its short-term obligations, although there were periods of fluctuation that may warrant further investigation.