United Rentals Inc (URI)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,933,000 | 2,723,000 | 2,151,000 | 2,017,000 | 1,842,000 |
| Total current liabilities | US$ in thousands | 3,637,000 | 2,445,000 | 2,603,000 | 1,890,000 | 2,198,000 |
| Current ratio | 0.81 | 1.11 | 0.83 | 1.07 | 0.84 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,933,000K ÷ $3,637,000K
= 0.81
The current ratio of United Rentals, Inc. has exhibited fluctuating trends over the past five years. It decreased to 0.81 in 2023 from 1.11 in 2022, reflecting a decline in the company's short-term liquidity position. A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its current assets alone. The decrease in the current ratio may indicate an increase in current liabilities relative to current assets, which could potentially impact the company's ability to meet its short-term obligations. Further analysis of the individual components of current assets and current liabilities would provide a more comprehensive understanding of the company's liquidity position.
Peer comparison
Dec 31, 2023