Enviri Corporation (NVRI)
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 | 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 | 652,812 | 876,388 | 781,957 | 646,003 |
| Total current liabilities | US$ in thousands | 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 | 464,894 | 726,634 | 532,606 | 424,583 |
| Current ratio | 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 | 1.40 | 1.21 | 1.47 | 1.52 |
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 exhibited some fluctuations over the past eight quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio generally indicates a stronger ability to meet short-term obligations.
In Q1 2022, the current ratio was relatively high at 1.50, suggesting a robust capacity to meet current liabilities with current assets. Subsequently, the ratio declined in Q2 and Q3 2022 but remained above 1.30, indicating continued strength in liquidity.
During Q4 2022 and Q1 2023, the current ratio remained relatively stable around 1.29 to 1.28, which indicates consistency in Enviri Corp's ability to cover short-term obligations over this period.
In Q2 and Q3 2023, the current ratio improved to 1.36 and 1.40, respectively, suggesting an increase in liquidity and an improved ability to settle short-term liabilities.
However, in Q4 2023, the current ratio decreased to 1.26, which is slightly lower compared to the previous quarter. This decrease may signal a potential decrease in the company's ability to cover its short-term obligations with its current assets, but it is important to note that a current ratio of 1.26 still indicates Enviri Corp has more than enough current assets to cover its current liabilities.
Overall, while there have been fluctuations in Enviri Corp's current ratio over the past eight quarters, the company has generally maintained a current ratio above 1.0, suggesting that it has an appropriate level of liquidity to meet its short-term obligations effectively.