Robert Half International Inc (RHI)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,297,140 | 2,285,110 | 2,268,550 | 1,842,740 | 1,628,850 |
| Total current liabilities | US$ in thousands | 1,235,110 | 1,216,200 | 1,358,670 | 1,046,630 | 940,692 |
| Current ratio | 1.86 | 1.88 | 1.67 | 1.76 | 1.73 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,297,140K ÷ $1,235,110K
= 1.86
The current ratio of Robert Half Inc has remained relatively stable over the past five years, ranging from 1.67 to 1.88. This indicates the company's ability to meet its short-term obligations with its current assets has been consistently strong. A current ratio above 1.0 suggests that the company has more current assets than current liabilities, which is a positive sign of financial health and liquidity.
In particular, the current ratio of 1.86 at the end of 2023 is slightly lower compared to the prior year but remains above the benchmark of 1.0. This suggests that the company still has sufficient current assets to cover its current liabilities, although there may be a slight decrease in liquidity compared to the previous year.
Overall, the trend in Robert Half Inc's current ratio indicates a healthy liquidity position, with the company maintaining a comfortable buffer of current assets to meet its short-term obligations.
Peer comparison
Dec 31, 2023