World Kinect Corporation (WKC)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,503,800 | 5,238,100 | 4,019,700 | 2,639,300 | 4,170,100 |
| Total current liabilities | US$ in thousands | 4,049,700 | 4,608,600 | 3,096,700 | 1,684,000 | 3,162,400 |
| Current ratio | 1.11 | 1.14 | 1.30 | 1.57 | 1.32 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,503,800K ÷ $4,049,700K
= 1.11
The current ratio of World Kinect Corp has fluctuated over the past five years. As of December 31, 2023, the current ratio stands at 1.11, indicating that the company may have slightly lower current assets relative to its current liabilities compared to the previous year.
In 2022, the current ratio was 1.14, showing a slight decrease from the prior year. The ratio was notably higher in 2021 at 1.30, suggesting that the company had relatively more current assets available to cover its current liabilities. This improvement in liquidity from 2020, where the ratio was 1.57, indicates better short-term financial health.
However, in 2019, the current ratio was at 1.32, slightly higher than the current year. This suggests that the company had a better liquidity position in the past.
Overall, the current ratio of World Kinect Corp has exhibited some variability in recent years, but the company has generally maintained a moderate ability to cover its short-term obligations with its current assets, although there may have been some fluctuations that warrant further analysis.