Verisk Analytics Inc (VRSK)

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	810,100	928,200	854,800	790,800	925,100	918,400	1,186,600	1,119,400	907,400	934,100	918,700	1,041,600	794,200	799,700	878,700	814,000	744,900	831,000	710,300	734,900
Total current liabilities	US$ in thousands	771,400	784,100	800,800	890,100	2,319,200	1,980,300	2,112,500	2,404,600	1,848,000	1,843,100	1,493,900	1,622,900	1,430,800	1,422,900	1,490,300	1,597,900	1,491,800	973,600	920,800	1,058,400
Current ratio		1.05	1.18	1.07	0.89	0.40	0.46	0.56	0.47	0.49	0.51	0.61	0.64	0.56	0.56	0.59	0.51	0.50	0.85	0.77	0.69

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $810,100K ÷ $771,400K
= 1.05

Verisk Analytics Inc's current ratio has shown significant variability over the past eight quarters, ranging from 0.40 to 1.18. A current ratio below 1 indicates that the company may have difficulty covering its short-term liabilities with its current assets. In this case, Verisk Analytics Inc's current ratio has been below 1 in five out of the eight quarters, suggesting potential liquidity challenges.

The current ratio steadily improved from Q1 2022 to Q3 2023, reaching a peak of 1.18 in Q3 2023. This indicates that the company had a higher proportion of current assets relative to current liabilities during this period, potentially enhancing its short-term liquidity position.

However, in Q4 2023, the current ratio decreased to 1.05, which may raise concerns about the company's ability to meet its short-term obligations with its current assets. The fluctuating nature of the current ratio over the past quarters underscores the importance of monitoring Verisk Analytics Inc's liquidity position closely.

Overall, while the current ratio has shown improvement in recent quarters, investors and stakeholders should continue to assess Verisk Analytics Inc's ability to manage its short-term financial obligations effectively.