United Rentals Inc (URI)

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	2,933,000	2,978,000	2,838,000	2,622,000	2,723,000	2,327,000	2,164,000	2,010,000	2,151,000	2,200,000	2,154,000	2,004,000	2,017,000	1,728,000	1,622,000	2,214,000	1,842,000	1,881,000	1,840,000	1,720,000
Total current liabilities	US$ in thousands	3,637,000	3,673,000	3,810,000	2,280,000	2,445,000	2,264,000	2,023,000	2,597,000	2,603,000	2,752,000	2,544,000	1,841,000	1,890,000	1,916,000	1,921,000	1,996,000	2,198,000	2,643,000	2,535,000	2,238,000
Current ratio		0.81	0.81	0.74	1.15	1.11	1.03	1.07	0.77	0.83	0.80	0.85	1.09	1.07	0.90	0.84	1.11	0.84	0.71	0.73	0.77

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 shown fluctuation over the past eight quarters. As of December 31, 2023, the current ratio stood at 0.81, consistent with the previous quarter. However, it decreased from 1.15 in March 31, 2023, indicating a declining ability to meet short-term obligations. Although the ratio has exhibited some variability, it remained below 1 for the last three quarters of 2022, suggesting potential liquidity issues. This trend warrants further examination of the company's current assets and liabilities to assess its short-term financial stability.