Stericycle Inc (SRCL)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 671,500 | 558,700 | 575,500 | 552,500 | 706,600 |
| Total current liabilities | US$ in thousands | 718,000 | 621,900 | 731,700 | 697,100 | 756,900 |
| Current ratio | 0.94 | 0.90 | 0.79 | 0.79 | 0.93 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $671,500K ÷ $718,000K
= 0.94
The current ratio of Stericycle Inc. has fluctuated over the past five years, ranging from 0.79 to 0.94. The current ratio measures the company's ability to pay short-term obligations with its current assets. A current ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities with its current assets alone.
In 2023, the current ratio increased to 0.94 from 0.90 in 2022, indicating a slight improvement in the company's short-term liquidity position. However, the ratio is still below 1, suggesting that Stericycle Inc. may have some challenges in meeting its short-term obligations solely with its current assets.
In 2021 and 2020, the current ratio remained consistent at 0.79, which may raise concerns about the company's ability to cover its short-term liabilities with available current assets.
In 2019, the current ratio improved to 0.93, indicating a better ability to meet short-term obligations compared to the following years. It is essential for investors and stakeholders to monitor Stericycle Inc.'s current ratio trend over time to assess the company's liquidity position and ability to manage short-term financial obligations effectively.
Peer comparison
Dec 31, 2023