Republic Services Inc (RSG)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,381,000 | 2,357,100 | 1,710,800 | 1,521,800 | 1,606,000 |
| Total current liabilities | US$ in thousands | 4,228,300 | 3,390,700 | 2,415,600 | 2,282,000 | 3,064,600 |
| Current ratio | 0.56 | 0.70 | 0.71 | 0.67 | 0.52 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,381,000K ÷ $4,228,300K
= 0.56
The current ratio of Republic Services, Inc. has exhibited some fluctuation over the past five years.
The current ratio was 0.56 as of December 31, 2023, indicating that the company had $0.56 in current assets to cover each $1 in current liabilities. This suggests a relatively weaker liquidity position compared to the previous year.
In 2022, the current ratio was 0.70, showing a slight improvement from the previous year but still below the industry standard of 1. A current ratio of 0.70 means that the company had $0.70 in current assets for every $1 in current liabilities, indicating a moderate liquidity position.
In 2021, the current ratio was 0.71, which was slightly higher than the previous year, indicating a better ability to cover short-term obligations.
In 2020, the current ratio was 0.67, showing a slight decrease from the previous year but still indicating that the company had $0.67 in current assets for every $1 in current liabilities.
In 2019, the current ratio was 0.52, reflecting the weakest liquidity position in the past five years, with only $0.52 in current assets available to cover each $1 in current liabilities.
Overall, Republic Services, Inc. has shown some variability in its current ratio over the years, with fluctuations indicating changes in the company's ability to meet its short-term obligations. It would be important for stakeholders to monitor this ratio closely to assess the company's liquidity and financial health.
Peer comparison
Dec 31, 2023