Sotera Health Co (SHC)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 557,244 | 519,646 | 546,692 | 923,799 | 645,010 | 420,734 | 398,681 | 371,560 | 345,961 | 337,305 | 401,105 | 328,367 |
| Total current liabilities | US$ in thousands | 230,654 | 200,594 | 200,330 | 600,149 | 791,567 | 140,031 | 142,021 | 143,851 | 161,161 | 133,606 | 148,792 | 138,019 |
| Current ratio | 2.42 | 2.59 | 2.73 | 1.54 | 0.81 | 3.00 | 2.81 | 2.58 | 2.15 | 2.52 | 2.70 | 2.38 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $557,244K ÷ $230,654K
= 2.42
The current ratio of Sotera Health Co has shown a fluctuating trend over the past 8 quarters. The ratio peaked at 3.00 in Q3 2022 and has since varied between 0.81 and 2.73. In the most recent quarter, Q4 2023, the current ratio stood at 2.42, indicating the company had $2.42 in current assets for every $1 in current liabilities. Overall, the current ratio has generally remained above 1, which suggests the company has had an adequate level of current assets to cover its short-term obligations during the period under review. However, the varying levels of the current ratio signal potential fluctuations in the company's liquidity position and ability to meet its short-term financial obligations. Further analysis of the components of current assets and liabilities is recommended to gain a deeper understanding of the company's liquidity position.
Peer comparison
Dec 31, 2023