Vestis Corporation (VSTS)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,027,650 | 1,019,960 | 1,039,340 | 1,035,010 | 23,736 | 987,281 | — |
| Total current liabilities | US$ in thousands | 393,805 | 395,525 | 367,298 | 379,244 | 368,724 | 402,195 | — |
| Current ratio | 2.61 | 2.58 | 2.83 | 2.73 | 0.06 | 2.45 | — |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,027,650K ÷ $393,805K
= 2.61
The current ratio of Vestis Corporation has shown significant fluctuations over the past quarters. As of December 31, 2023, the current ratio stands at 2.61, indicating that the company has $2.61 in current assets for every $1 in current liabilities, reflecting a healthy liquidity position.
However, the current ratio was exceptionally low at 0.06 as of December 31, 2022, suggesting potential liquidity issues or mismanagement of short-term assets and liabilities during that period. It is noteworthy that the current ratio rebounded to 2.45 by September 30, 2022, signifying an improvement in liquidity management within a relatively short timeframe.
Overall, the trend in the current ratio indicates that Vestis Corporation has managed to enhance its liquidity position and strengthen its ability to meet short-term obligations, albeit with some fluctuations and challenges in the recent past.
Peer comparison
Dec 31, 2023