NCR Voyix Corporation (VYX)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,206,000 | 3,082,000 | 2,876,000 | 2,478,000 | 3,144,000 |
| Total current liabilities | US$ in thousands | 1,333,000 | 2,713,000 | 2,808,000 | 2,088,000 | 2,538,000 |
| Current ratio | 0.90 | 1.14 | 1.02 | 1.19 | 1.24 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,206,000K ÷ $1,333,000K
= 0.90
The current ratio of NCR Voyix Corporation has experienced fluctuations over the past five years. In 2023, the current ratio decreased to 0.90 from the previous year's ratio of 1.14 in 2022. This indicates that the company's current assets may be relatively lower compared to its current liabilities in 2023.
Looking further back, the current ratio was at 1.02 in 2021 and 1.19 in 2020, showing a declining trend leading up to 2023. The highest current ratio in the last five years was observed in 2019 at 1.24. This suggests that the company had a stronger ability to cover its current liabilities with current assets in that year compared to subsequent years.
Overall, the decreasing trend in the current ratio from 2019 to 2023 may raise concerns about the company's short-term liquidity position and its ability to meet its short-term obligations. Further analysis of the composition of current assets and liabilities is warranted to understand the factors contributing to the fluctuations in the current ratio.