Current Ratio
since 2005
Calculation
Fiserv Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 1.03 | = | 18,870) | ÷ | 18,295) |
| Dec 31, 2020 | 1.04 | = | 16,219) | ÷ | 15,637) |
| Dec 31, 2019 | 1.08 | = | 17,046) | ÷ | 15,727) |
| Dec 31, 2018 | 1.11 | = | 2,224) | ÷ | 2,010) |
| Dec 31, 2017 | 1.02 | = | 1,975) | ÷ | 1,938) |
| Dec 31, 2016 | 0.95 | = | 1,728) | ÷ | 1,820) |
| Dec 31, 2015 | 1.00 | = | 1,506) | ÷ | 1,502) |
| Dec 31, 2014 | 1.00 | = | 1,486) | ÷ | 1,486) |
| Dec 31, 2013 | 1.18 | = | 1,572) | ÷ | 1,332) |
| Dec 31, 2012 | 1.28 | = | 1,412) | ÷ | 1,105) |
| Dec 31, 2011 | 0.98 | = | 1,356) | ÷ | 1,384) |
| Dec 31, 2010 | 1.59 | = | 1,417) | ÷ | 891) |
| Dec 31, 2009 | 1.10 | = | 1,277) | ÷ | 1,161) |
| Dec 31, 2008 | 1.05 | = | 2,145) | ÷ | 2,047) |
| Dec 31, 2007 | 1.12 | = | 4,204) | ÷ | 3,754) |
| Dec 31, 2006 | — | = | —) | ÷ | —) |
| Dec 31, 2005 | — | = | —) | ÷ | —) |
Based on: 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 millions
The current ratio has exhibited a consistent pattern of stability from 2007 through 2021, generally maintaining a value near 1.0. This indicates a liquidity strategy where current assets are closely aligned with current liabilities, ensuring that short-term obligations are typically covered by short-term assets.
- Liquidity Fluctuations (2007–2018)
- Between 2007 and 2018, the current ratio remained relatively stable, with most values oscillating between 0.95 and 1.28. A notable peak occurred in 2010, when the ratio reached 1.59, representing the highest level of short-term liquidity in the observed period. Subsequent years showed a regression toward parity, with the ratio falling slightly below 1.0 in 2011 and 2016, suggesting periods where current liabilities marginally exceeded current assets.
- Balance Sheet Expansion (2019–2021)
- A dramatic increase in the scale of the balance sheet is observed starting in 2019. Current assets rose from 2,224 million USD in 2018 to 17,046 million USD in 2019, while current liabilities increased from 2,010 million USD to 15,727 million USD during the same interval. This substantial growth in absolute terms continued through 2021, with current assets reaching 18,870 million USD and current liabilities reaching 18,295 million USD.
- Ratio Stability Post-Expansion
- Despite the significant surge in the volume of current assets and liabilities after 2018, the current ratio remained remarkably consistent, ranging from 1.03 to 1.08. This demonstrates that the expansion of the company's short-term financial position was managed proportionally, maintaining a liquidity profile nearly identical to that of the previous decade despite the vastly larger scale of operations.
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Comparison to Competitors
Fiserv Inc., current ratio, long-term trends, comparison to competitors
| Fiserv Inc. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | Datadog Inc. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | 1.03 | 1.25 | 1.25 | 5.05 | 1.77 | 3.54 | 0.88 | 1.94 | 2.08 | 2.30 | 4.34 | 0.91 | 1.23 | 1.05 | 1.16 | 1.12 |
| Dec 31, 2020 | 1.04 | 1.40 | 1.48 | — | 1.86 | 5.77 | 0.98 | 2.26 | 2.52 | 3.03 | 3.74 | 1.91 | 1.08 | 1.21 | 1.19 | 1.04 |
| Dec 31, 2019 | 1.08 | 1.40 | 0.79 | — | 1.74 | 4.51 | 1.02 | 1.83 | 2.53 | 2.49 | — | 1.78 | 0.95 | 1.03 | 0.99 | 1.11 |
| Dec 31, 2018 | 1.11 | 1.34 | 1.13 | — | 1.34 | — | 1.29 | 1.14 | 2.90 | 3.96 | — | 1.93 | 0.92 | 1.17 | 0.73 | 1.92 |
| Dec 31, 2017 | 1.02 | 1.23 | 2.05 | — | 1.53 | — | 1.33 | 0.73 | 2.48 | 3.08 | — | 1.65 | 0.83 | 1.15 | 1.04 | 1.93 |
| Dec 31, 2016 | 0.95 | 1.35 | 2.08 | — | 1.20 | — | 1.21 | 0.72 | 2.35 | 3.74 | — | 2.03 | 0.77 | 1.25 | 1.00 | 2.56 |
| Dec 31, 2015 | 1.00 | 1.36 | 2.18 | — | 1.80 | — | 1.24 | 1.47 | 2.50 | 4.13 | — | 1.04 | 0.81 | 1.48 | 0.99 | 3.29 |
| Dec 31, 2014 | 1.00 | 1.46 | 1.85 | — | 1.33 | — | 1.25 | 1.84 | 2.50 | 3.35 | — | 2.75 | 0.67 | 1.79 | 1.09 | 4.80 |
| Dec 31, 2013 | 1.18 | 1.45 | 2.65 | — | 1.06 | — | 1.28 | 1.87 | 2.71 | 3.24 | — | 2.57 | 0.69 | 2.43 | 1.18 | 3.47 |
| Dec 31, 2012 | 1.28 | 1.55 | 3.41 | — | 1.14 | — | 1.13 | 1.20 | 2.60 | 2.60 | — | 3.13 | 0.72 | 1.99 | 0.91 | — |
| Dec 31, 2011 | 0.98 | 1.45 | 3.02 | — | 1.05 | — | 1.21 | 1.25 | 2.60 | 2.76 | — | — | 0.84 | — | 1.33 | — |
| Dec 31, 2010 | 1.59 | 1.46 | 3.01 | — | 1.26 | — | 1.19 | 1.88 | 2.13 | 1.84 | — | — | 1.88 | — | 1.35 | — |
| Dec 31, 2009 | 1.10 | 1.46 | 2.93 | — | 2.14 | — | 1.36 | 1.82 | 1.82 | 2.03 | — | — | 1.39 | — | 1.80 | — |
| Dec 31, 2008 | 1.05 | 1.34 | 3.59 | — | 1.69 | — | 1.15 | 1.21 | 1.45 | 1.81 | — | — | 1.22 | — | 1.45 | — |
| Dec 31, 2007 | 1.12 | 1.14 | 3.02 | — | 1.95 | — | 1.20 | 1.68 | 1.69 | 1.37 | — | — | 1.11 | — | 1.29 | — |
| Dec 31, 2006 | — | 1.26 | 4.26 | — | 2.39 | — | 1.11 | 1.79 | 2.18 | 1.73 | — | — | 1.29 | — | 1.03 | — |
| Dec 31, 2005 | — | 1.37 | 4.18 | — | 2.11 | — | 1.30 | 1.61 | 2.89 | 1.05 | — | — | 1.36 | — | 1.16 | — |
Based on: 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).
Comparison to Sector (Software & Services)
Fiserv Inc., current ratio, long-term trends, comparison to sector (software & services)
| Fiserv Inc. | Software & Services | |
|---|---|---|
| Dec 31, 2021 | 1.03 | 1.68 |
| Dec 31, 2020 | 1.04 | 1.92 |
| Dec 31, 2019 | 1.08 | 1.84 |
| Dec 31, 2018 | 1.11 | 2.23 |
| Dec 31, 2017 | 1.02 | 2.06 |
| Dec 31, 2016 | 0.95 | 2.03 |
| Dec 31, 2015 | 1.00 | 2.15 |
| Dec 31, 2014 | 1.00 | 2.01 |
| Dec 31, 2013 | 1.18 | 2.04 |
| Dec 31, 2012 | 1.28 | 1.84 |
| Dec 31, 2011 | 0.98 | 1.87 |
| Dec 31, 2010 | 1.59 | 1.61 |
| Dec 31, 2009 | 1.10 | 1.62 |
| Dec 31, 2008 | 1.05 | 1.36 |
| Dec 31, 2007 | 1.12 | 1.38 |
| Dec 31, 2006 | — | 1.53 |
| Dec 31, 2005 | — | 1.70 |
Based on: 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).
Comparison to Industry (Information Technology)
Fiserv Inc., current ratio, long-term trends, comparison to industry (information technology)
| Fiserv Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2021 | 1.03 | 1.55 |
| Dec 31, 2020 | 1.04 | 1.71 |
| Dec 31, 2019 | 1.08 | 1.66 |
| Dec 31, 2018 | 1.11 | 1.88 |
| Dec 31, 2017 | 1.02 | 2.04 |
| Dec 31, 2016 | 0.95 | 2.01 |
| Dec 31, 2015 | 1.00 | 2.04 |
| Dec 31, 2014 | 1.00 | 1.98 |
| Dec 31, 2013 | 1.18 | 2.20 |
| Dec 31, 2012 | 1.28 | 2.08 |
| Dec 31, 2011 | 0.98 | 2.12 |
| Dec 31, 2010 | 1.59 | 2.02 |
| Dec 31, 2009 | 1.10 | 2.04 |
| Dec 31, 2008 | 1.05 | 1.80 |
| Dec 31, 2007 | 1.12 | 1.79 |
| Dec 31, 2006 | — | 1.86 |
| Dec 31, 2005 | — | 2.02 |
Based on: 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).