Perficient Inc (PRFT)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	325,953	255,616	214,708	226,510	211,897
Total current liabilities	US$ in thousands	78,472	129,131	119,951	128,880	84,584
Current ratio		4.15	1.98	1.79	1.76	2.51

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $325,953K ÷ $78,472K
= 4.15

The current ratio for Perficient Inc. has fluctuated over the past five years, ranging from 1.76 to 4.15. The current ratio indicates the company's ability to meet its short-term obligations with its current assets.

In 2023, the current ratio is 4.15, which means the company has $4.15 in current assets for every $1 of current liabilities. This is significantly higher compared to the previous year, indicating a strong liquidity position.

In 2022, the current ratio was 1.98, reflecting an improvement from the prior year but still below the ideal ratio of 2. A current ratio below 2 may suggest potential liquidity concerns.

In 2021 and 2020, the current ratio was 1.79 and 1.76, respectively, indicating a relatively stable position in terms of liquidity. However, the ratios were somewhat lower compared to the current year.

In 2019, the company had a current ratio of 2.51, which was higher than the subsequent years. This suggests that the company had a stronger ability to cover its short-term liabilities with its current assets in that period.

Overall, while the current ratio has varied over the years, Perficient Inc. appears to have improved its liquidity position in 2023 with a current ratio of 4.15, signifying strong short-term liquidity.