VeriSign Inc (VRSN)

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	988,300	1,007,000	997,400	1,073,100	1,038,700	1,048,500	1,062,200	1,267,700	1,268,700	1,264,410	1,189,070	1,235,550	1,217,940	1,206,130	1,249,650	1,185,500	1,278,590	1,298,150	1,295,380	1,315,270
Total current liabilities	US$ in thousands	1,188,500	1,173,600	1,141,700	1,171,400	1,116,900	1,095,100	1,067,200	1,088,500	1,074,000	1,048,180	998,334	1,010,220	988,693	978,008	1,018,330	955,672	965,166	960,878	934,681	941,280
Current ratio		0.83	0.86	0.87	0.92	0.93	0.96	1.00	1.16	1.18	1.21	1.19	1.22	1.23	1.23	1.23	1.24	1.32	1.35	1.39	1.40

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $988,300K ÷ $1,188,500K
= 0.83

The current ratio of Verisign Inc. has been declining over the past eight quarters, from 1.16 in Q1 2022 to 0.83 in Q4 2023. This downward trend indicates that the company may be facing challenges in meeting its short-term obligations with its current assets. A current ratio below 1 suggests that the company may have difficulty covering its current liabilities with its current assets.

A current ratio of less than 1 may raise concerns among investors and creditors about the company's liquidity and ability to repay its short-term debts. It is important for Verisign Inc. to closely monitor its current ratio and take steps to improve it, such as increasing current assets or reducing current liabilities, to ensure financial stability and meet its obligations in a timely manner.