Verra Mobility Corp (VRRM)

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	393,999	529,015	444,528	433,081	439,538	411,292	542,586	332,433	362,594	317,443	348,371	362,979	348,069	372,131	421,556	482,799	328,037	311,585	270,698	265,906
Total current liabilities	US$ in thousands	199,741	202,493	175,299	159,445	214,773	197,567	180,809	168,637	186,809	161,087	165,505	154,145	175,191	116,930	106,743	70,430	64,040	72,014	65,020	72,003
Current ratio		1.97	2.61	2.54	2.72	2.05	2.08	3.00	1.97	1.94	1.97	2.10	2.35	1.99	3.18	3.95	6.86	5.12	4.33	4.16	3.69

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $393,999K ÷ $199,741K
= 1.97

Verra Mobility Corp's current ratio has shown fluctuations over the reported periods. The current ratio, which measures the company's ability to cover its short-term liabilities with its short-term assets, has ranged from a high of 6.86 on March 31, 2021, to a low of 1.94 on December 31, 2022.

The current ratio improved steadily from March 31, 2020, to March 31, 2021, indicating strong liquidity and the company's ability to meet its short-term obligations with its current assets. However, there was a significant decline in the current ratio from June 30, 2021, to September 30, 2021, which continued to decrease until reaching the low point on December 31, 2022.

While the current ratio improved from the low point in December 2022, it remained relatively volatile throughout the following periods, hovering around 2.0 to 3.0. This fluctuation suggests potential challenges in managing short-term liabilities and assets efficiently.

Investors and stakeholders should monitor Verra Mobility Corp's current ratio closely to assess the company's liquidity position and ability to meet its short-term financial obligations effectively. Further analysis of the company's operational and financial strategies may be needed to understand the factors influencing these fluctuations in the current ratio.