Pitney Bowes Inc (PBI)
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 | 1,317,950 | 1,486,150 | 1,605,740 | 1,582,100 | 1,691,920 | 1,617,530 | 1,614,690 | 1,589,300 | 1,798,020 | 1,709,910 | 1,766,950 | 1,742,110 | 1,892,050 | 1,843,260 | 1,898,760 | 1,808,100 | 2,112,560 | 1,922,510 | 2,160,530 | 1,870,190 |
| Total current liabilities | US$ in thousands | 1,672,730 | 1,684,550 | 1,678,190 | 1,625,420 | 1,730,410 | 1,640,530 | 1,856,620 | 1,798,670 | 1,727,800 | 1,598,640 | 1,628,930 | 1,667,250 | 1,727,940 | 1,688,760 | 1,717,240 | 1,594,260 | 1,870,460 | 1,577,910 | 1,678,520 | 1,442,520 |
| Current ratio | 0.79 | 0.88 | 0.96 | 0.97 | 0.98 | 0.99 | 0.87 | 0.88 | 1.04 | 1.07 | 1.08 | 1.04 | 1.09 | 1.09 | 1.11 | 1.13 | 1.13 | 1.22 | 1.29 | 1.30 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,317,950K ÷ $1,672,730K
= 0.79
The current ratio of Pitney Bowes Inc has been gradually decreasing over the past several quarters. The ratio stood at 1.30 as of March 31, 2020, indicating that the company had $1.30 in current assets for every $1 in current liabilities. However, this ratio has shown a downward trend, reaching 0.79 as of December 31, 2024.
A current ratio below 1.0 may signal potential liquidity issues, as it suggests that the company may have difficulty meeting its short-term financial obligations with its current assets alone. It is important for investors and creditors to monitor the company's current ratio closely, as a declining ratio could indicate financial distress or inefficiencies in managing current assets and liabilities.