Verra Mobility Corp (VRRM)

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	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	272,438	288,098	235,468	223,583
Total current liabilities	US$ in thousands	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	104,881	90,318	78,717	91,791
Current ratio		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	2.60	3.19	2.99	2.44

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 indicates its ability to cover short-term liabilities with its current assets. The trend over the past eight quarters shows some fluctuations but generally reflects a healthy liquidity position. The company's current ratio has remained above 1.5, which is considered the minimum threshold for a healthy current ratio.

In Q2 2023, the current ratio spiked to 3.00, which could indicate a short-term increase in current assets relative to current liabilities. This suggests a strong liquidity position during that quarter. However, in Q1 2023 and Q4 2022, the current ratio was below 2.00, indicating a slightly weaker ability to cover short-term obligations with current assets during those periods.

Overall, Verra Mobility Corp has maintained a current ratio above 2.00 in most quarters, signaling a robust ability to meet its short-term financial obligations. Investors and stakeholders can be relatively confident in the company's liquidity position based on the current ratio trend over the past eight quarters.