Rollins Inc (ROL)
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 | 406,639 | 476,790 | 463,983 | 367,866 | 348,619 | 398,956 | 506,998 | 496,512 | 352,380 | 373,454 | 376,325 | 334,043 | 314,777 | 331,836 | 363,101 | 304,830 | 309,787 | 324,188 | 319,845 | 289,939 |
| Total current liabilities | US$ in thousands | 576,689 | 581,696 | 575,701 | 467,356 | 493,784 | 509,769 | 517,744 | 480,897 | 491,162 | 477,496 | 518,744 | 507,788 | 472,511 | 469,139 | 478,173 | 417,868 | 410,035 | 410,880 | 414,341 | 352,712 |
| Current ratio | 0.71 | 0.82 | 0.81 | 0.79 | 0.71 | 0.78 | 0.98 | 1.03 | 0.72 | 0.78 | 0.73 | 0.66 | 0.67 | 0.71 | 0.76 | 0.73 | 0.76 | 0.79 | 0.77 | 0.82 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $406,639K ÷ $576,689K
= 0.71
The current ratio of Rollins, Inc. has been fluctuating over the past eight quarters. The current ratio ranged from a low of 0.71 in Q4 2022 and Q4 2023 to a high of 1.03 in Q1 2022. This indicates that the company's current assets may not have been sufficient to cover its current liabilities in some periods, suggesting potential liquidity challenges. A current ratio below 1 implies that the company may have difficulty meeting its short-term obligations.
The downward trend in the current ratio since Q1 2022 to Q4 2023 raises concerns about Rollins, Inc.'s ability to fulfill its short-term obligations using its current assets. Investors and analysts may want to further investigate the company's liquidity management practices to assess the risks associated with its current financial position.
Peer comparison
Dec 31, 2023