Republic Services Inc (RSG)
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 | 2,381,000 | 2,348,400 | 2,261,700 | 2,241,400 | 2,357,100 | 2,199,400 | 2,140,600 | 1,695,800 | 1,710,800 | 1,569,400 | 1,480,900 | 1,443,100 | 1,521,800 | 1,774,300 | 1,568,800 | 1,753,900 | 1,606,000 | 1,473,900 | 1,474,100 | 1,444,600 |
| Total current liabilities | US$ in thousands | 4,228,300 | 4,068,800 | 2,987,900 | 3,029,300 | 3,390,700 | 3,163,800 | 2,934,600 | 2,258,100 | 2,415,600 | 2,333,400 | 2,314,800 | 2,148,800 | 2,282,000 | 2,190,800 | 2,066,100 | 1,980,600 | 3,064,600 | 2,997,400 | 3,571,000 | 3,467,900 |
| Current ratio | 0.56 | 0.58 | 0.76 | 0.74 | 0.70 | 0.70 | 0.73 | 0.75 | 0.71 | 0.67 | 0.64 | 0.67 | 0.67 | 0.81 | 0.76 | 0.89 | 0.52 | 0.49 | 0.41 | 0.42 |
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 shown fluctuations over the past eight quarters, ranging from a low of 0.56 in Q4 2023 to a high of 0.76 in Q2 2023. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
A ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities with its current assets. Republic Services, Inc. has consistently maintained a current ratio below 1, suggesting that its current liabilities exceed its current assets.
The downward trend in the current ratio from Q2 2023 to Q4 2023 may raise concerns about the company's liquidity position and its ability to cover its short-term obligations. Investors and creditors may view a low current ratio unfavorably as it could indicate potential financial strain.
Further analysis and consideration of other liquidity metrics are recommended to gain a more comprehensive understanding of Republic Services, Inc.'s financial health.
Peer comparison
Dec 31, 2023