Tetra Tech Inc (TTEK)
Current ratio
| 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 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,527,380 | 1,506,480 | 1,479,920 | 1,454,040 | 1,356,020 | 1,417,940 | 1,468,770 | 1,234,810 | 1,158,220 | 1,145,360 | 1,081,630 | 1,113,400 | 1,065,950 | 1,106,420 | 1,064,110 | 1,035,450 | 999,785 | 956,246 | 1,001,940 | 1,050,300 |
| Total current liabilities | US$ in thousands | 1,219,530 | 1,246,260 | 1,193,930 | 1,161,000 | 1,208,140 | 1,212,160 | 1,172,980 | 870,615 | 916,017 | 945,465 | 855,191 | 849,268 | 848,483 | 811,348 | 796,702 | 754,721 | 793,456 | 732,660 | 735,755 | 712,476 |
| Current ratio | 1.25 | 1.21 | 1.24 | 1.25 | 1.12 | 1.17 | 1.25 | 1.42 | 1.26 | 1.21 | 1.26 | 1.31 | 1.26 | 1.36 | 1.34 | 1.37 | 1.26 | 1.31 | 1.36 | 1.47 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,527,380K ÷ $1,219,530K
= 1.25
The current ratio of Tetra Tech Inc has shown fluctuations over the past few years, ranging from 1.12 to 1.47. As of September 30, 2024, the current ratio stands at 1.25, indicating that the company has $1.25 in current assets for every $1 of current liabilities.
A current ratio above 1 suggests that Tetra Tech Inc has more than enough current assets to cover its short-term obligations, providing a degree of financial flexibility. However, the slight fluctuations in the ratio over time may indicate changes in the company's liquidity position and its ability to meet its short-term obligations.
It's important to note that while a higher current ratio is generally favorable, an excessively high ratio may suggest that the company is not efficiently utilizing its current assets. Conversely, a low current ratio could signal potential liquidity issues. Therefore, continuing to monitor the trend of Tetra Tech Inc's current ratio over time can provide insights into its liquidity management and financial health.
Peer comparison
Sep 30, 2024