Bristow Group Inc (VTOL)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | Mar 31, 2021 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 563,583 | 493,125 | 579,885 | 585,748 | 195,861 |
| Total current liabilities | US$ in thousands | 309,789 | 285,590 | 287,755 | 305,120 | 50,776 |
| Current ratio | 1.82 | 1.73 | 2.02 | 1.92 | 3.86 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $563,583K ÷ $309,789K
= 1.82
The current ratio of Bristow Group Inc has fluctuated over the past five reporting periods, ranging from 1.82 to 3.86. A higher current ratio indicates a stronger liquidity position, as it indicates the company's ability to cover its short-term liabilities with its current assets.
The current ratio was highest at 3.86 on Dec 31, 2019, suggesting a robust liquidity position at that time. However, there has been a downward trend in the current ratio since then, reaching a low of 1.73 on Dec 31, 2022.
As of Dec 31, 2023, the current ratio stands at 1.82, which is an improvement compared to the previous year but still lower than the levels seen in Mar 31, 2022, and Dec 31, 2019. This indicates that the company may have some liquidity challenges in the short term, as its current assets may not be sufficient to cover its current liabilities at the same level as in previous periods.
Overall, the current ratio of Bristow Group Inc shows some variability, signaling potential shifts in the company's liquidity position over time. Further analysis of the components of current assets and liabilities would provide more insights into the company's liquidity management and financial health.