Parsons Corp (PSN)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,462,400 | 2,137,530 | 1,719,780 | 1,632,350 | 1,843,130 |
| Total current liabilities | US$ in thousands | 1,915,640 | 1,410,880 | 1,108,120 | 1,030,780 | 1,187,410 |
| Current ratio | 1.29 | 1.52 | 1.55 | 1.58 | 1.55 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,462,400K ÷ $1,915,640K
= 1.29
The current ratio of Parsons Corp has been relatively stable over the past five years. It stood at 1.55 as of December 31, 2020, increased slightly to 1.58 by the end of 2021, and then decreased to 1.55 in the following year. Subsequently, the ratio dropped to 1.52 by December 31, 2023, indicating a potential decrease in liquidity. By the end of 2024, the current ratio further declined to 1.29, which may raise concerns about the company's short-term solvency and ability to pay its current obligations. This downward trend suggests the company may need to manage its current assets and liabilities more effectively to improve liquidity and financial stability.
Peer comparison
Dec 31, 2024