Service Corporation International (SCI)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 498,286 | 359,846 | 441,060 | 376,152 | 373,553 |
| Total current liabilities | US$ in thousands | 749,100 | 799,280 | 728,261 | 815,934 | 556,719 |
| Current ratio | 0.67 | 0.45 | 0.61 | 0.46 | 0.67 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $498,286K ÷ $749,100K
= 0.67
The current ratio of Service Corp. International has fluctuated over the past five years. In 2023, the current ratio improved to 0.67 from 0.45 in 2022, indicating that the company's short-term liquidity position strengthened. However, the current ratio remains lower than the 2021 level of 0.61.
The current ratio of 0.67 in 2019 and 2023 suggests that the company had $0.67 in current assets for every $1 of current liabilities, indicating a relatively healthy liquidity position. However, further analysis is needed to understand the composition of current assets and liabilities to assess the quality of the current ratio.
Overall, while the current ratio has shown some improvement in 2023 compared to the previous year, it is essential to delve deeper into the company's financial statements and operations to evaluate its short-term liquidity position comprehensively.
Peer comparison
Dec 31, 2023