Upbound Group Inc. (UPBD)
Current ratio
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 66,382 | 90,626 | 87,970 | 90,696 | 100,103 | 111,263 | 91,887 | 177,803 | 151,129 | 172,569 | 118,169 | 101,093 | 114,738 | 165,964 | 150,898 | 128,745 | 164,888 | 231,685 | 210,743 | 188,111 |
| Total current liabilities | US$ in thousands | 388,462 | 406,790 | 382,112 | 428,161 | 613,804 | 431,976 | 411,337 | 438,330 | 445,168 | 448,141 | 438,787 | 454,575 | 369,899 | 510,805 | 540,737 | 561,198 | 388,116 | 482,223 | 451,835 | 336,032 |
| Current ratio | 0.17 | 0.22 | 0.23 | 0.21 | 0.16 | 0.26 | 0.22 | 0.41 | 0.34 | 0.39 | 0.27 | 0.22 | 0.31 | 0.32 | 0.28 | 0.23 | 0.42 | 0.48 | 0.47 | 0.56 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $66,382K ÷ $388,462K
= 0.17
The current ratio of Upbound Group Inc. has shown fluctuations over the reported periods, ranging from 0.16 to 0.56. The ratio indicates how well the company can meet its short-term obligations using its short-term assets.
From March 31, 2020, to June 30, 2021, the current ratio experienced a decreasing trend, reflecting potential liquidity challenges or inefficiencies in managing current assets and liabilities.
However, from September 30, 2021, to September 30, 2022, there was a gradual improvement in the current ratio, suggesting better liquidity management or a shift towards a more favorable asset mix.
The ratio decreased again from December 31, 2022, to December 31, 2024, hitting the lowest point at 0.16, which may raise concerns about the company's ability to cover its short-term debts.
Overall, fluctuations in the current ratio of Upbound Group Inc. indicate varying levels of liquidity and suggest a need for the company to closely monitor and manage its current assets and liabilities to ensure financial stability.
Peer comparison
Dec 31, 2024