Sterling Construction Company Inc (STRL)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,021,880 | 847,979 | 597,254 | 434,691 | 361,543 |
| Total current liabilities | US$ in thousands | 741,958 | 678,168 | 446,611 | 351,760 | 321,884 |
| Current ratio | 1.38 | 1.25 | 1.34 | 1.24 | 1.12 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,021,880K ÷ $741,958K
= 1.38
The current ratio of Sterling Construction Company Inc. demonstrates a generally positive trend over the observed period from December 31, 2020, to December 31, 2024. Specifically, the current ratio increased from 1.12 in 2020 to a peak of 1.34 in 2022, indicating an improving capacity to meet short-term obligations during this period. After reaching this peak, the ratio experienced a slight decline to 1.25 in 2023 but subsequently rose again to 1.38 in 2024.
Throughout this timeframe, all ratios remained above 1.0, suggesting that the company maintained sufficient current assets to cover its current liabilities, thereby implying a relatively stable liquidity position. The fluctuations observed reflect dynamic changes in current assets and liabilities, but the overall upward trend toward 2024 indicates an enhancement in liquidity position.
This pattern suggests a strengthening of the company’s short-term financial health, with the increased current ratio particularly notable in 2024. The variation across years may also point to strategic shifts in asset management or liabilities, but the ratios consistently depict a liquidity profile that generally supports operational stability and the ability to fulfill short-term financial commitments.
Peer comparison
Dec 31, 2024