Quanta Services Inc (PWR)
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 | 7,851,030 | 8,046,050 | 6,887,550 | 6,583,470 | 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 |
| Total current liabilities | US$ in thousands | 6,028,510 | 6,525,340 | 5,315,990 | 4,831,180 | 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 |
| Current ratio | 1.30 | 1.23 | 1.30 | 1.36 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,851,030K ÷ $6,028,510K
= 1.30
The current ratio of Quanta Services Inc has shown some fluctuations over the period under review. It started at a relatively healthy level of 1.78 as of March 31, 2020, indicating the company had $1.78 in current assets for every dollar of current liabilities. The ratio slightly decreased to 1.68 by December 31, 2020, before picking up to 1.75 by June 30, 2021.
The company experienced a significant increase in its current ratio to 2.41 as of September 30, 2021, suggesting a strong liquidity position. However, this was followed by a decline in subsequent quarters, with the ratio dropping to 1.47 by December 31, 2023, and further down to 1.23 by September 30, 2024.
Overall, Quanta Services Inc has maintained a current ratio above 1 throughout the period, indicating it had more than enough current assets to cover its short-term obligations. However, the decreasing trend observed in recent quarters may require further monitoring to ensure the company's liquidity position remains stable.
Peer comparison
Dec 31, 2024