Quanta Services Inc (PWR)

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 7,676,900 6,735,370 6,322,390 5,570,590 5,536,070 5,347,820 5,020,860 4,865,620 4,732,580 5,704,130 3,733,940 3,605,570 3,588,390 3,677,010 3,644,760 3,758,600 3,830,990 4,301,930 3,751,930 3,554,540
Total current liabilities US$ in thousands 5,213,120 4,192,240 3,763,670 3,427,320 3,406,190 3,346,220 3,219,550 3,217,820 3,164,960 2,364,550 2,131,130 2,100,060 2,138,560 2,178,270 2,093,360 2,115,910 2,263,050 2,357,520 1,906,230 1,778,740
Current ratio 1.47 1.61 1.68 1.63 1.63 1.60 1.56 1.51 1.50 2.41 1.75 1.72 1.68 1.69 1.74 1.78 1.69 1.82 1.97 2.00

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $7,676,900K ÷ $5,213,120K
= 1.47

The current ratio of Quanta Services, Inc. has shown some fluctuations over the past eight quarters. The current ratio measures the company's ability to meet its short-term financial obligations with its current assets.

In Q4 2023, the current ratio stands at 1.47, indicating a slight decline compared to the previous quarter. Despite this decrease, the current ratio remains above 1, suggesting that the company has sufficient current assets to cover its current liabilities.

Looking at the trend over the past year, the current ratio has generally been above 1.5, indicating a relatively healthy liquidity position. The highest current ratio was observed in Q2 2023 at 1.68, while the lowest was recorded in Q4 2022 at 1.51.

Overall, the current ratio fluctuates within a reasonable range, showing that Quanta Services, Inc. maintains a solid ability to meet its short-term obligations. However, it would be essential for stakeholders to continue monitoring this ratio to ensure the company's liquidity position remains stable in the future.


Peer comparison

Dec 31, 2023

Company name
Symbol
Current ratio
Quanta Services Inc
PWR
1.47
Comfort Systems USA Inc
FIX
1.11
EMCOR Group Inc
EME
1.26