Upbound Group Inc. (UPBD)
Current ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 75,372 | 73,682 | 357,013 | 241,406 |
| Total current liabilities | US$ in thousands | 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 | 343,050 | 406,839 | 410,071 | 445,564 |
| Current ratio | 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 | 0.22 | 0.18 | 0.87 | 0.54 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $100,103K ÷ $613,804K
= 0.16
The current ratio of Upbound Group Inc. has fluctuated significantly over the past few years, ranging from a low of 0.16 to a high of 0.87. The current ratio is a measure of a company's ability to cover its short-term liabilities with its short-term assets. A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations.
Looking at the trend, we can observe that the current ratio has been volatile, with periods of improvement followed by declines. In the latest period, the current ratio stands at 0.16, indicating a sharp decrease in the company's ability to cover its short-term liabilities with its current assets. This may raise concerns about the company's liquidity and ability to meet its short-term financial obligations.
It is important to further investigate the reasons behind this decline in the current ratio and assess the company's overall financial health and liquidity position. Additional analysis of the company's current assets and liabilities, as well as its cash flow position, may provide more insights into the factors influencing the current ratio and help in determining the company's ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023