Waste Management Inc (WM)
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 | 3,804,000 | 3,562,000 | 3,480,000 | 3,371,000 | 3,551,000 | 3,264,000 | 3,987,000 | 3,059,000 | 3,069,000 | 3,184,000 | 3,226,000 | 3,327,000 | 3,540,000 | 3,357,000 | 5,106,000 | 5,635,000 | 6,209,000 | 5,560,000 | 4,836,000 | 2,488,000 |
| Total current liabilities | US$ in thousands | 4,226,000 | 4,218,000 | 4,251,000 | 3,856,000 | 4,394,000 | 3,834,000 | 3,722,000 | 3,806,000 | 4,082,000 | 4,102,000 | 3,683,000 | 3,285,000 | 3,553,000 | 2,806,000 | 5,772,000 | 3,070,000 | 3,144,000 | 2,989,000 | 2,846,000 | 3,612,000 |
| Current ratio | 0.90 | 0.84 | 0.82 | 0.87 | 0.81 | 0.85 | 1.07 | 0.80 | 0.75 | 0.78 | 0.88 | 1.01 | 1.00 | 1.20 | 0.88 | 1.84 | 1.97 | 1.86 | 1.70 | 0.69 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,804,000K ÷ $4,226,000K
= 0.90
The current ratio of Waste Management, Inc. has shown some fluctuation over the past eight quarters. The ratio has ranged from a low of 0.80 in Q1 2022 to a high of 1.07 in Q2 2022, indicating varying levels of liquidity during this period. The trend shows potential concerns, as the ratio has been below 1 for most quarters, suggesting that the company may have had difficulty meeting its short-term obligations with its current assets alone. However, it's worth noting that the ratio improved in Q4 2023 compared to the previous quarters, which may indicate that the company's liquidity position has strengthened slightly. Further analysis and comparison with industry averages would provide more insights into Waste Management's liquidity management and financial health.
Peer comparison
Dec 31, 2023