Verra Mobility Corp (VRRM)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 439,538 | 362,594 | 348,069 | 328,037 | 272,438 |
| Total current liabilities | US$ in thousands | 214,773 | 186,809 | 175,191 | 64,040 | 104,881 |
| Current ratio | 2.05 | 1.94 | 1.99 | 5.12 | 2.60 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $439,538K ÷ $214,773K
= 2.05
The current ratio of Verra Mobility Corp has exhibited some fluctuations over the past five years. In 2023, the current ratio stands at 2.05, which indicates that the company has $2.05 in current assets to cover each dollar of current liabilities. This suggests that the company has a relatively healthy liquidity position, with sufficient current assets to meet its short-term obligations.
Comparing this to the previous years, the current ratio was 1.94 in 2022, 1.99 in 2021, 5.12 in 2020, and 2.60 in 2019. The significant surge in the current ratio in 2020 to 5.12 indicates a substantial increase in current assets relative to current liabilities during that year. However, this ratio decrease in subsequent years suggests a potential adjustment in the company's liquidity position or a change in its operating environment.
Overall, Verra Mobility Corp's current ratio has generally remained above 1, which is a positive sign indicating that the company has sufficient short-term assets to cover its short-term liabilities. However, it is important to consider other factors and trends in conjunction with the current ratio to get a comprehensive view of the company's liquidity and financial health.
Peer comparison
Dec 31, 2023