Service Corporation International (SCI)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 377,330 | 498,286 | 359,846 | 441,060 | 376,152 |
| Total current liabilities | US$ in thousands | 723,839 | 749,100 | 799,280 | 728,261 | 815,934 |
| Current ratio | 0.52 | 0.67 | 0.45 | 0.61 | 0.46 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $377,330K ÷ $723,839K
= 0.52
Service Corporation International's current ratio has fluctuated over the past five years.
As of December 31, 2020, the current ratio was 0.46, indicating that the company had more current liabilities than current assets, which may raise concerns about its short-term liquidity and ability to meet its obligations.
By December 31, 2021, the current ratio improved to 0.61, showing that the company had enhanced its liquidity position. However, by December 31, 2022, the current ratio fell back to 0.45, signaling a potential decrease in the company's ability to cover its short-term liabilities with its current assets.
The trend reversed again by December 31, 2023, with the current ratio increasing to 0.67, indicating a more favorable liquidity position compared to the previous year. However, by December 31, 2024, the current ratio dropped to 0.52, suggesting a slight deterioration in the company's short-term liquidity.
Overall, Service Corporation International's current ratio has shown variability, with fluctuations in its ability to cover short-term obligations with current assets. Monitoring this ratio is essential for assessing the company's liquidity and financial health over time.
Peer comparison
Dec 31, 2024