Republic Services Inc (RSG)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,406,000 | 2,381,000 | 2,357,100 | 1,710,800 | 1,521,800 |
| Total current liabilities | US$ in thousands | 4,128,000 | 4,228,300 | 3,388,300 | 2,415,600 | 2,282,000 |
| Current ratio | 0.58 | 0.56 | 0.70 | 0.71 | 0.67 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,406,000K ÷ $4,128,000K
= 0.58
The current ratio of Republic Services Inc has shown some fluctuation over the past five years. As of December 31, 2020, the current ratio stood at 0.67, indicating that the company's current assets were 67% of its current liabilities. Over the subsequent years, the current ratio increased slightly to 0.71 by December 31, 2021, and then decreased to 0.70 by December 31, 2022. However, there was a more significant drop in the current ratio to 0.56 by December 31, 2023, suggesting a potential strain on the company's liquidity position. The ratio improved slightly to 0.58 by December 31, 2024, but remained relatively low compared to earlier years. Overall, the downward trend in the current ratio raises concerns about Republic Services Inc's ability to cover its short-term obligations with its current assets.
Peer comparison
Dec 31, 2024