Cactus Inc (WHD)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 556,178 | 654,642 | 518,485 | 425,142 | 414,883 |
| Total current liabilities | US$ in thousands | 175,660 | 116,649 | 92,574 | 48,915 | 91,126 |
| Current ratio | 3.17 | 5.61 | 5.60 | 8.69 | 4.55 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $556,178K ÷ $175,660K
= 3.17
The current ratio of Cactus Inc has exhibited fluctuations over the past five years. The ratio was 3.17 as of December 31, 2023, which indicates that the company had $3.17 in current assets for every $1 in current liabilities. This represents a decrease compared to the previous year, where the ratio was 5.61.
Although the current ratio has decreased, it remains above 1, implying that the company has sufficient current assets to cover its current liabilities. However, a lower current ratio may suggest potential liquidity issues or inefficiencies in managing current assets and liabilities. It is important for stakeholders to monitor this ratio closely to ensure the company's short-term financial health and ability to meet its obligations.
Peer comparison
Dec 31, 2023