Current Ratio
since 2005
Calculation
Fidelity National Information Services Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2022 | 0.79 | = | 12,818) | ÷ | 16,224) |
| Dec 31, 2021 | 0.74 | = | 10,708) | ÷ | 14,466) |
| Dec 31, 2020 | 0.80 | = | 9,898) | ÷ | 12,361) |
| Dec 31, 2019 | 0.84 | = | 8,692) | ÷ | 10,382) |
| Dec 31, 2018 | 1.19 | = | 3,733) | ÷ | 3,125) |
| Dec 31, 2017 | 0.92 | = | 3,606) | ÷ | 3,923) |
| Dec 31, 2016 | 1.36 | = | 4,282) | ÷ | 3,151) |
| Dec 31, 2015 | 1.49 | = | 3,511) | ÷ | 2,364) |
| Dec 31, 2014 | 1.55 | = | 2,473) | ÷ | 1,599) |
| Dec 31, 2013 | 1.41 | = | 2,352) | ÷ | 1,673) |
| Dec 31, 2012 | 1.47 | = | 1,844) | ÷ | 1,257) |
| Dec 31, 2011 | 1.24 | = | 1,683) | ÷ | 1,355) |
| Dec 31, 2010 | 1.30 | = | 1,673) | ÷ | 1,286) |
| Dec 31, 2009 | 1.35 | = | 1,666) | ÷ | 1,235) |
| Dec 31, 2008 | 1.38 | = | 1,180) | ÷ | 852) |
| Dec 31, 2007 | 1.46 | = | 1,829) | ÷ | 1,254) |
| Dec 31, 2006 | 1.48 | = | 1,301) | ÷ | 881) |
| Dec 31, 2005 | 1.32 | = | 791) | ÷ | 598) |
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 millions
Analysis of liquidity trends from 2005 to 2022 reveals a significant transformation in the short-term financial position, moving from a posture of consistent liquidity surplus to one of relative deficit.
- Growth of Balance Sheet Components
- An exponential increase in the scale of both current assets and current liabilities is observed over the analyzed period. Current assets grew from 791 million USD in 2005 to 12.8 billion USD in 2022. Simultaneously, current liabilities increased from 598 million USD in 2005 to 16.2 billion USD in 2022, indicating a substantial expansion in the volume of short-term financial activity.
- Period of Liquidity Stability (2005-2016)
- From 2005 through 2016, the current ratio remained consistently above the 1.0 threshold, fluctuating between a low of 1.24 in 2011 and a peak of 1.55 in 2014. This trend indicates that short-term assets were sufficient to cover all current obligations during this decade.
- Structural Shift and Liquidity Decline (2017-2022)
- A notable shift in the liquidity profile occurred in 2017, when the current ratio fell below 1.0 for the first time to 0.92. Although a temporary recovery to 1.19 was recorded in 2018, the ratio entered a period of sustained deficiency from 2019 through 2022, reaching a low of 0.74 in 2021 before ending the period at 0.79.
- Divergence of Assets and Liabilities
- The erosion of the current ratio is attributed to the accelerated growth of current liabilities relative to current assets. This divergence is most prominent between 2018 and 2019, where current liabilities more than tripled from 3.1 billion USD to 10.4 billion USD, while current assets grew from 3.7 billion USD to 8.7 billion USD. This imbalance resulted in a sustained current ratio below 1.0, suggesting that current obligations exceed available liquid assets.
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Comparison to Competitors
Fidelity National Information Services Inc., current ratio, long-term trends, comparison to competitors
| Fidelity National Information Services 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, 2022 | 0.79 | 1.23 | 1.11 | 3.35 | 1.27 | 3.09 | 0.92 | 1.39 | 1.78 | 1.62 | 5.17 | 0.77 | 1.05 | 1.11 | 1.09 | 1.03 |
| Dec 31, 2021 | 0.74 | 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 | 0.80 | 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 | 0.84 | 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 | 1.19 | 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 | 0.92 | 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 | 1.36 | 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 | 1.49 | 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 | 1.55 | 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 | 1.41 | 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 | 1.47 | 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 | 1.24 | 1.45 | 3.02 | — | 1.05 | — | 1.21 | 1.25 | 2.60 | 2.76 | — | — | 0.84 | — | 1.33 | — |
| Dec 31, 2010 | 1.30 | 1.46 | 3.01 | — | 1.26 | — | 1.19 | 1.88 | 2.13 | 1.84 | — | — | 1.88 | — | 1.35 | — |
| Dec 31, 2009 | 1.35 | 1.46 | 2.93 | — | 2.14 | — | 1.36 | 1.82 | 1.82 | 2.03 | — | — | 1.39 | — | 1.80 | — |
| Dec 31, 2008 | 1.38 | 1.34 | 3.59 | — | 1.69 | — | 1.15 | 1.21 | 1.45 | 1.81 | — | — | 1.22 | — | 1.45 | — |
| Dec 31, 2007 | 1.46 | 1.14 | 3.02 | — | 1.95 | — | 1.20 | 1.68 | 1.69 | 1.37 | — | — | 1.11 | — | 1.29 | — |
| Dec 31, 2006 | 1.48 | 1.26 | 4.26 | — | 2.39 | — | 1.11 | 1.79 | 2.18 | 1.73 | — | — | 1.29 | — | 1.03 | — |
| Dec 31, 2005 | 1.32 | 1.37 | 4.18 | — | 2.11 | — | 1.30 | 1.61 | 2.89 | 1.05 | — | — | 1.36 | — | 1.16 | — |
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).
Comparison to Sector (Software & Services)
Fidelity National Information Services Inc., current ratio, long-term trends, comparison to sector (software & services)
| Fidelity National Information Services Inc. | Software & Services | |
|---|---|---|
| Dec 31, 2022 | 0.79 | 1.43 |
| Dec 31, 2021 | 0.74 | 1.68 |
| Dec 31, 2020 | 0.80 | 1.92 |
| Dec 31, 2019 | 0.84 | 1.84 |
| Dec 31, 2018 | 1.19 | 2.23 |
| Dec 31, 2017 | 0.92 | 2.06 |
| Dec 31, 2016 | 1.36 | 2.03 |
| Dec 31, 2015 | 1.49 | 2.15 |
| Dec 31, 2014 | 1.55 | 2.01 |
| Dec 31, 2013 | 1.41 | 2.04 |
| Dec 31, 2012 | 1.47 | 1.84 |
| Dec 31, 2011 | 1.24 | 1.87 |
| Dec 31, 2010 | 1.30 | 1.61 |
| Dec 31, 2009 | 1.35 | 1.62 |
| Dec 31, 2008 | 1.38 | 1.36 |
| Dec 31, 2007 | 1.46 | 1.38 |
| Dec 31, 2006 | 1.48 | 1.53 |
| Dec 31, 2005 | 1.32 | 1.70 |
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).
Comparison to Industry (Information Technology)
Fidelity National Information Services Inc., current ratio, long-term trends, comparison to industry (information technology)
| Fidelity National Information Services Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2022 | 0.79 | 1.37 |
| Dec 31, 2021 | 0.74 | 1.55 |
| Dec 31, 2020 | 0.80 | 1.71 |
| Dec 31, 2019 | 0.84 | 1.66 |
| Dec 31, 2018 | 1.19 | 1.88 |
| Dec 31, 2017 | 0.92 | 2.04 |
| Dec 31, 2016 | 1.36 | 2.01 |
| Dec 31, 2015 | 1.49 | 2.04 |
| Dec 31, 2014 | 1.55 | 1.98 |
| Dec 31, 2013 | 1.41 | 2.20 |
| Dec 31, 2012 | 1.47 | 2.08 |
| Dec 31, 2011 | 1.24 | 2.12 |
| Dec 31, 2010 | 1.30 | 2.02 |
| Dec 31, 2009 | 1.35 | 2.04 |
| Dec 31, 2008 | 1.38 | 1.80 |
| Dec 31, 2007 | 1.46 | 1.79 |
| Dec 31, 2006 | 1.48 | 1.86 |
| Dec 31, 2005 | 1.32 | 2.02 |
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).