Waste Management Inc (WM)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,774,000 | 4,259,000 | 4,439,000 | 3,529,000 | 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 |
| Total current liabilities | US$ in thousands | 6,258,000 | 4,779,000 | 4,136,000 | 3,949,000 | 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 |
| Current ratio | 0.76 | 0.89 | 1.07 | 0.89 | 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 |
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 fluctuated over the past few years, indicating varying levels of liquidity and ability to cover its short-term obligations. The ratio, calculated by dividing current assets by current liabilities, stood at 1.84 as of March 31, 2020, indicating a healthy liquidity position.
However, the ratio declined significantly to 0.88 as of June 30, 2020, possibly signaling some challenges in meeting short-term liabilities. The ratio improved to 1.20 by September 30, 2020, but decreased to 1.00 by December 31, 2020. Throughout 2021 and 2022, the current ratio remained below 1, suggesting potential liquidity concerns.
The current ratio slightly improved to 1.07 as of June 30, 2022, but decreased to 0.75 by December 31, 2021. Subsequently, the ratio fluctuated around 0.8 and 0.9 from 2023 to 2024, indicating a somewhat stable but relatively low liquidity position compared to earlier years.
Overall, Waste Management Inc's current ratio has shown some variability, with periodic improvements and declines. It is essential for investors and stakeholders to monitor these changes to assess the company's short-term financial health and liquidity management.
Peer comparison
Dec 31, 2024