Waste Management Inc (WM)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,774,000 | 3,804,000 | 3,551,000 | 3,069,000 | 3,540,000 |
| Total current liabilities | US$ in thousands | 6,258,000 | 4,226,000 | 4,394,000 | 4,082,000 | 3,553,000 |
| Current ratio | 0.76 | 0.90 | 0.81 | 0.75 | 1.00 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,774,000K ÷ $6,258,000K
= 0.76
The current ratio of Waste Management Inc has shown a fluctuating trend over the past five years. Starting at 1.00 in December 31, 2020, the ratio declined to 0.75 by December 31, 2021, indicating a potential liquidity concern as current assets were insufficient to cover current liabilities. Subsequently, the ratio improved to 0.81 in December 31, 2022, but remained below 1, suggesting a continued liquidity risk. By December 31, 2023, the current ratio increased to 0.90, indicating a slightly stronger position, although still below the ideal threshold of 1. Most recently, as of December 31, 2024, the ratio decreased to 0.76, signaling a potential return to lower liquidity levels. Overall, the current ratio of Waste Management Inc has been volatile, and the company may need to closely monitor its liquidity position to ensure it can meet its short-term obligations effectively.
Peer comparison
Dec 31, 2024