Verra Mobility Corp (VRRM)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 393,999 | 439,538 | 362,594 | 348,069 | 328,037 |
| Total current liabilities | US$ in thousands | 199,741 | 214,773 | 186,809 | 175,191 | 64,040 |
| Current ratio | 1.97 | 2.05 | 1.94 | 1.99 | 5.12 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $393,999K ÷ $199,741K
= 1.97
The current ratio of Verra Mobility Corp has been fluctuating over the years. It was strong at 5.12 as of December 31, 2020, indicating the company had ample current assets to cover its current liabilities. However, the ratio decreased to 1.99 as of December 31, 2021, and further decreased slightly to 1.94 by December 31, 2022. This may suggest a slightly tighter liquidity position compared to the previous year.
The ratio improved to 2.05 by December 31, 2023, which indicates that the company's ability to cover its short-term liabilities with current assets strengthened. Yet, it slightly decreased to 1.97 as of December 31, 2024. Overall, while the current ratio has shown some fluctuations, it has generally been above 1, which signals that Verra Mobility Corp has had sufficient current assets to cover its short-term obligations during the analyzed period.
Peer comparison
Dec 31, 2024