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