Tetra Tech Inc (TTEK)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,527,380 | 1,356,020 | 1,158,220 | 1,065,950 | 999,785 |
| Total current liabilities | US$ in thousands | 1,219,530 | 1,208,140 | 916,017 | 848,483 | 793,456 |
| Current ratio | 1.25 | 1.12 | 1.26 | 1.26 | 1.26 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,527,380K ÷ $1,219,530K
= 1.25
The current ratio for Tetra Tech Inc has fluctuated over the past five years, ranging from 1.12 to 1.26. The current ratio indicates the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 suggests that the company has more current assets than current liabilities, typically viewed as a positive sign of liquidity.
In the most recent year, as of September 30, 2024, Tetra Tech Inc's current ratio stands at 1.25, slightly below the ratio reported in the previous year but in line with historical trends. This implies that the company may have sufficient current assets to cover its short-term liabilities, though there has been a slight decrease compared to the prior year.
Overall, Tetra Tech Inc's current ratio analysis indicates a relatively stable liquidity position over the five-year period, providing a reasonable level of working capital to meet its short-term financial obligations.
Peer comparison
Sep 30, 2024