Stericycle Inc (SRCL)
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 | 671,500 | 587,200 | 527,200 | 563,700 | 558,700 | 597,700 | 596,900 | 613,500 | 575,500 | 570,200 | 548,400 | 537,200 | 552,500 | 565,700 | 592,600 | 1,203,200 | 706,600 | 750,500 | 819,100 | 801,600 |
| Total current liabilities | US$ in thousands | 718,000 | 650,400 | 619,100 | 580,500 | 621,900 | 586,800 | 618,600 | 669,500 | 731,700 | 687,200 | 676,700 | 674,000 | 697,100 | 686,900 | 660,300 | 818,500 | 756,900 | 795,700 | 784,200 | 786,000 |
| Current ratio | 0.94 | 0.90 | 0.85 | 0.97 | 0.90 | 1.02 | 0.96 | 0.92 | 0.79 | 0.83 | 0.81 | 0.80 | 0.79 | 0.82 | 0.90 | 1.47 | 0.93 | 0.94 | 1.04 | 1.02 |
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 eight quarters. In Q4 2023, the current ratio was 0.94, indicating that the company had $0.94 in current assets for every $1 in current liabilities. This was a slight improvement compared to the previous quarter where the current ratio was 0.90.
Looking further back, the current ratio has ranged from 0.85 to 1.02 over the past two years. The lowest current ratio of 0.85 was recorded in Q2 2023, while the highest was 1.02 in Q3 2022.
Overall, the current ratio of Stericycle Inc. has shown some volatility, with fluctuations above and below 1. A current ratio below 1 may indicate potential liquidity issues, suggesting that the company may have difficulties meeting its short-term obligations. Management should closely monitor the current ratio and work towards maintaining a healthy balance between current assets and current liabilities.
Peer comparison
Dec 31, 2023