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Argo Group International Holdings Ltd (ARGO) |
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Argo Group International Holdings Ltd 's Working Capital Ratio
ARGO's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth
Argo Group International Holdings Ltd 's Current Assets grew by 9.68 % in the III Quarter 2023 sequentially, faster than Current Liabilities, this led to improvement in Argo Group International Holdings Ltd 's Working Capital Ratio to 0.75, Working Capital Ratio remained below Argo Group International Holdings Ltd average.
Within Insurance Brokerage industry 23 other companies have achieved higher Working Capital Ratio than Argo Group International Holdings Ltd in third quarter 2023. While Working Capital Ratio total ranking in the third quarter 2023 has deteriorated compared to the prior quarter from 2575 to 3253.
Explain Working Capital Ratio
How much in Current Assets ARGO´s has?
What is the value of ARGO´s Current Liabilities?
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Select the Comparisons :
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Select the Ratio:
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| ARGO Working Capital Ratio |
(Sep 30 2023)
III. Quarter |
(Jun 30 2023)
II. Quarter |
(Mar 31 2023)
I. Quarter |
(Dec 31 2022)
IV. Quarter |
(Sep 30 2022)
III. Quarter |
| Y / Y Current Liabilities Change |
-11.63 % |
-15.09 % |
-17.08 % |
-20.86 % |
-4.95 % |
| Y / Y Current Assets Change |
11.57 % |
6.59 % |
9.17 % |
48.48 % |
0.46 % |
| Working Capital Ratio MRQ |
0.75 |
0.7 |
0.7 |
1.07 |
0.59 |
| ARGO's Total
Ranking |
# 3253 |
# 2575 |
# 2567 |
# 2879 |
# 4481 |
| Seq. Current Liabilities Change |
2.26 % |
0.54 % |
2.85 % |
-16.43 % |
-1.74 % |
| Seq. Current Assets Change |
9.68 % |
0.03 % |
-33.01 % |
51.8 % |
4.79 % |
| Working Capital Ratio third quarter 2023 Company Ranking |
| Within: |
No. |
| Insurance Brokerage Industry |
# 24 |
| Financial Sector |
# 544 |
| Overall Market |
# 3253 |
| Working Capital Ratio Statistics |
| High |
Average |
Low |
| 1.5 |
1.01 |
0.53 |
| (Sep 30 2018) |
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(Mar 31 2022) |
Cumulative Argo Group International Holdings Ltd 's Working Capital Ratio
ARGO's Working Capital Ratio for the trailling 12 Months
ARGO Working Capital Ratio |
(Sep 30 2023)
III. Quarter |
(Jun 30 2023)
II. Quarter |
(Mar 31 2023)
I. Quarter |
(Dec 31 2022)
IV. Quarter |
(Sep 30 2022)
III. Quarter |
| Y / Y Current Liabilities TTM Growth |
-11.63 % |
-15.09 % |
-17.08 % |
-20.86 % |
-4.95 % |
| Y / Y Current Assets TTM Growth |
11.57 % |
6.59 % |
9.17 % |
48.48 % |
0.46 % |
| Working Capital Ratio TTM |
0.8 |
0.76 |
0.71 |
0.67 |
0.56 |
| Total
Ranking TTM |
# 2536
| # 4995
| # 3258
| # 0
| # 2722
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| Seq. Current Liabilities TTM Growth |
2.26 % |
0.54 % |
2.85 % |
-16.43 % |
-1.74 % |
| Seq. Current Assets TTM Growth |
9.68 % |
0.03 % |
-33.01 % |
51.8 % |
4.79 % |
On the trailing twelve months basis ARGO Current Assets increased by 11.57 % in III Quarter 2023 year on year, while Current Liabilities rose to $5,509 millions, this led to increase in in Argo Group International Holdings Ltd 's Working Capital Ratio to 0.8, Working Capital Ratio remained below ARGO average. Working Capital Ratio is the average cumulative value over the last four quarters.
Among companies operating within Insurance Brokerage industry 23 other companies have achieved higher Working Capital Ratio than Argo Group International Holdings Ltd . While Working Capital Ratio overall ranking has improved so far to 2536, from total ranking during the twelve months ending second quarter 2023 at 4995.
Explain Working Capital Ratio
How much in Current Assets ARGO´s has?
What is the value of ARGO´s Current Liabilities?
| TTM Working Capital Ratio Company Ranking |
| Within: |
No. |
| Within the Insurance Brokerage Industry |
# 24 |
| Financial Sector |
# 544 |
| Within the Market |
# 2536 |
| trailing twelve months Working Capital Ratio Statistics |
| High |
Average |
Low |
| 1.5 |
1.01 |
0.53 |
| (Sep 30 2018) |
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(Mar 31 2022) |
| Companies with similar Working Capital Ratio in the quarter ending Sep 30 2023, within Insurance Brokerage Industry | Working Capital Ratio | Sep 30 2023 MRQ Current Assets | Sep 30 2023 MRQ Current Liabilities | | Stewart Information Services Corp | 1.95 | $ 346.282 Millions | $ 177.180 Millions | | Goosehead Insurance Inc | 1.74 | $ 67.980 Millions | $ 38.967 Millions | | Equitable Financial Life Insurance Company | 1.66 | $ 26,860.000 Millions | $ 16,195.000 Millions | | Crawford and Co | 1.64 | $ 379.991 Millions | $ 231.403 Millions | | Gohealth Inc | 1.59 | $ 346.320 Millions | $ 217.775 Millions | | Corvel Corporation | 1.51 | $ 281.875 Millions | $ 186.499 Millions | | Enact Holdings Inc | 1.47 | $ 738.214 Millions | $ 501.093 Millions | | Hagerty Inc | 1.40 | $ 1,248.784 Millions | $ 890.625 Millions | | First American Financial Corporation | 1.37 | $ 8,806.300 Millions | $ 6,432.200 Millions | | Erie Indemnity Company | 1.28 | $ 873.826 Millions | $ 680.913 Millions | | Ryan Specialty Holdings Inc | 1.20 | $ 3,586.424 Millions | $ 2,981.837 Millions | | Equitable Holdings Inc | 1.14 | $ 22,163.000 Millions | $ 19,422.000 Millions | | Marsh and Mclennan Companies Inc | 1.08 | $ 22,279.000 Millions | $ 20,605.000 Millions | | Brown and Brown Inc | 1.06 | $ 4,845.200 Millions | $ 4,590.500 Millions | | Willis Towers Watson Plc | 1.05 | $ 11,834.000 Millions | $ 11,305.000 Millions | | Arthur J Gallagher and Co | 1.04 | $ 35,937.700 Millions | $ 34,473.900 Millions | | Roadzen Inc | 0.96 | $ 51.398 Millions | $ 53.355 Millions | | Argo Group International Holdings Ltd | 0.75 | $ 4,112.300 Millions | $ 5,509.300 Millions | | Fidelity National Financial Inc | 0.23 | $ 12,253.000 Millions | $ 54,295.000 Millions |
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