World Kinect Corporation (WKC)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,503,800 | 4,591,300 | 4,045,100 | 4,613,800 | 5,238,100 | 5,049,300 | 5,894,000 | 5,025,300 | 4,019,700 | 3,693,200 | 3,358,600 | 3,064,500 | 2,639,300 | 2,534,800 | 2,931,400 | 3,533,800 | 4,170,100 | 3,969,500 | 3,925,000 | 3,894,700 |
| Total current liabilities | US$ in thousands | 4,049,700 | 4,114,200 | 3,572,000 | 4,153,500 | 4,608,600 | 4,568,300 | 5,094,700 | 4,412,500 | 3,096,700 | 2,696,500 | 2,392,600 | 2,092,200 | 1,684,000 | 1,557,000 | 1,606,600 | 2,109,300 | 3,162,400 | 2,910,500 | 2,902,300 | 2,873,200 |
| Current ratio | 1.11 | 1.12 | 1.13 | 1.11 | 1.14 | 1.11 | 1.16 | 1.14 | 1.30 | 1.37 | 1.40 | 1.46 | 1.57 | 1.63 | 1.82 | 1.68 | 1.32 | 1.36 | 1.35 | 1.36 |
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 been relatively stable over the past eight quarters, ranging from 1.11 to 1.16. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting strong liquidity.
In World Kinect Corp's case, the current ratio has consistently been above 1, indicating that the company has generally been able to meet its short-term obligations using its current assets. The slight fluctuations in the current ratio from quarter to quarter are normal and may reflect changes in the composition of current assets and liabilities.
Overall, the current ratio trend of World Kinect Corp demonstrates a relatively healthy liquidity position, although further analysis of the company's specific current assets and liabilities would provide a more detailed assessment of its short-term financial health.