Bristow Group Inc (VTOL)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 619,458 | 563,583 | 493,125 | 579,885 | 579,885 |
| Total current liabilities | US$ in thousands | 325,900 | 309,789 | 285,590 | 287,755 | 287,755 |
| Current ratio | 1.90 | 1.82 | 1.73 | 2.02 | 2.02 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $619,458K ÷ $325,900K
= 1.90
The current ratio of Bristow Group Inc has remained relatively stable over the past few years. As of December 31, 2021, and March 31, 2022, the current ratio was 2.02, indicating that the company had more than twice the current assets to cover its current liabilities. However, there was a slight decrease in the current ratio to 1.73 as of December 31, 2022, which may suggest a potential strain on the company's liquidity position.
Subsequently, the current ratio improved to 1.82 as of December 31, 2023, and further increased to 1.90 by the end of December 31, 2024. While the current ratio is above 1 in each of the years presented, indicating that Bristow Group Inc has sufficient current assets to meet its short-term obligations, the decreasing trend from 2021 to 2022 and the subsequent recovery in the following years suggest fluctuations in the company's liquidity position that should be monitored closely.