Parsons Corp (PSN)

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	2,462,400	2,554,660	2,573,700	2,427,250	2,137,530	2,015,540	1,980,210	1,801,340	1,719,780	1,610,800	1,583,630	1,640,970	1,632,350	1,586,570	1,794,410	1,802,210	1,843,130	2,081,620	1,589,200	1,601,970
Total current liabilities	US$ in thousands	1,915,640	1,649,550	1,426,950	1,353,700	1,410,880	1,394,090	1,294,900	1,140,070	1,108,120	1,149,480	1,098,790	1,008,860	1,030,780	1,060,660	1,077,420	1,110,670	1,187,410	1,246,550	1,130,950	1,151,320
Current ratio		1.29	1.55	1.80	1.79	1.52	1.45	1.53	1.58	1.55	1.40	1.44	1.63	1.58	1.50	1.67	1.62	1.55	1.67	1.41	1.39

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 shown fluctuations over the past years, ranging from a low of 1.29 to a high of 1.80. The current ratio provides an indication of the company's ability to meet its short-term financial obligations with its current assets. A current ratio greater than 1 implies that the company has more current assets than current liabilities.

Looking at the trend, the current ratio has generally been above 1, which is a positive sign indicating that Parsons Corp has had sufficient current assets to cover its short-term liabilities. However, the fluctuation in the ratio implies some variability in the company's liquidity position over the years.

It is important for stakeholders to monitor the current ratio closely to ensure that Parsons Corp maintains a healthy balance between current assets and current liabilities to meet its financial obligations in a timely manner. Further analysis of the components contributing to current assets and liabilities would provide more insights into the company's liquidity and financial health.