Sterling Construction Company Inc (STRL)
Current ratio
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 997,734 | 1,021,880 | 1,083,640 | 1,016,770 | 878,858 | 847,979 | 875,964 | 715,800 | 587,960 | 597,254 | 669,558 | 537,496 | 435,890 | 434,691 | 466,022 | 434,092 | 355,229 | 361,543 | 427,218 | 416,447 |
| Total current liabilities | US$ in thousands | 756,769 | 741,958 | 839,036 | 820,856 | 705,717 | 678,168 | 685,837 | 567,765 | 444,689 | 446,611 | 512,308 | 407,389 | 339,514 | 351,760 | 357,724 | 346,242 | 322,246 | 321,884 | 357,369 | 337,692 |
| Current ratio | 1.32 | 1.38 | 1.29 | 1.24 | 1.25 | 1.25 | 1.28 | 1.26 | 1.32 | 1.34 | 1.31 | 1.32 | 1.28 | 1.24 | 1.30 | 1.25 | 1.10 | 1.12 | 1.20 | 1.23 |
March 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $997,734K ÷ $756,769K
= 1.32
The current ratio of Sterling Construction Company Inc. has exhibited relative stability over the analyzed period from June 30, 2020, through March 31, 2025. Initially, at the end of June 2020, the current ratio was 1.23, reflecting that the company's current assets were 1.23 times its current liabilities. Throughout 2020, the ratio experienced a gradual decline, reaching a low of 1.10 by March 31, 2021, indicating a tightening in short-term liquidity. However, from June 30, 2021, onward, the ratio demonstrated a steady upward trend, peaking at 1.34 on December 31, 2022, and maintaining a relatively stable range thereafter.
Throughout 2023 and early 2024, the current ratio remained around the 1.25 to 1.28 range, suggesting a consistent ability to meet short-term obligations. There was a slight increase to 1.38 on December 31, 2024, which could infer improved liquidity or a decrease in current liabilities, or an increase in current assets. As of March 31, 2025, the ratio retracted marginally to 1.32.
Overall, the company's current ratio predominantly remained above 1.2 throughout the period, indicating a generally sound liquidity position with sufficient current assets to cover current liabilities. The fluctuations appear to be within a manageable range, reflecting stability in Sterling Construction Company's short-term financial health over the observed timeline.
Peer comparison
Mar 31, 2025