United Rentals Inc (URI)

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	3,249,000	3,321,000	3,219,000	3,009,000	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
Total current liabilities	US$ in thousands	3,323,000	4,026,000	3,969,000	3,364,000	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
Current ratio		0.98	0.82	0.81	0.89	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

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $3,249,000K ÷ $3,323,000K
= 0.98

The current ratio of United Rentals Inc has fluctuated over the past few years, indicating changes in the company's short-term liquidity position. The current ratio measures the company's ability to meet its short-term obligations with its current assets.

From March 31, 2020, to December 31, 2024, the current ratio ranged from a low of 0.74 to a high of 1.15. A current ratio of less than 1 indicates that the company may have difficulty meeting its short-term obligations with current assets alone.

The current ratio was below 1 for several quarters, which may raise concerns about the company's liquidity position to cover its short-term debts. However, the current ratio improved towards the end of the period, reaching 0.98 on December 31, 2024.

Overall, while there have been fluctuations in the current ratio of United Rentals Inc, it is essential for the company to maintain a current ratio above 1 to ensure it can easily cover its short-term liabilities.