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CoStar Group Inc. pages available for free this week:
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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Calculation
Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
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Dec 31, 2022 | = | ÷ | |||
Dec 31, 2021 | = | ÷ | |||
Dec 31, 2020 | = | ÷ | |||
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Dec 31, 2005 | = | ÷ |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
- Current Assets
- Current assets exhibit a general upward trend over the period, increasing from 146,538 thousand US dollars in 2005 to 5,185,867 thousand US dollars in 2022. Notable fluctuations occur, such as a significant rise to 583,183 thousand in 2011, followed by a decline in 2012. From 2013 onwards, the values consistently grow with pronounced acceleration from 2017 through 2020, reaching a peak in 2020. This overall increase suggests enhanced liquidity and asset accumulation over time.
- Current Liabilities
- Current liabilities also show an increasing trend but at a more moderate pace compared to current assets. The values rise from 22,037 thousand in 2005 to 372,615 thousand in 2022. The pattern reflects gradual growth with some variability, including a notable spike in 2012 and steady increases in recent years. The growth in liabilities, while significant, is proportionally less steep than that of current assets, indicating possible improvements in working capital management.
- Current Ratio
- The current ratio experiences considerable volatility early in the dataset, fluctuating between approximately 4.35 and 9.44 from 2005 to 2011, with a marked dip to 1.96 in 2012 coinciding with a decrease in current assets and an increase in current liabilities. From 2013 forward, the ratio shows strong improvement and stability, rising to double-digit figures by 2020 and maintaining high values thereafter, reaching 13.92 in 2022. This improvement signifies a considerable strengthening of short-term liquidity and suggests a robust ability to cover current obligations with current assets in recent years.
- Overall Insights
- The analysis indicates a consistent strengthening of liquidity positions over the period studied. While both current assets and current liabilities have grown, assets have increased at a faster rate, contributing to the rising current ratio. The pronounced enhancements in current ratio from 2013 onwards suggest improved financial stability and a cautious approach toward managing short-term financial commitments. The spike in liabilities and dip in liquidity observed around 2012 warrant attention but appear to be temporary setbacks within a broader positive trend.
Comparison to Industry (Industrials)
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Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).