Aecom Technology Corporation (ACM)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 7,176,060 | 6,169,510 | 5,822,810 | 6,173,540 | 7,530,370 |
| Total current liabilities | US$ in thousands | 6,374,080 | 5,850,280 | 5,404,170 | 5,521,720 | 6,090,450 |
| Current ratio | 1.13 | 1.05 | 1.08 | 1.12 | 1.24 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $7,176,060K ÷ $6,374,080K
= 1.13
Aecom Technology Corporation's current ratio has shown a slight fluctuation over the past five years, ranging from 1.05 to 1.24. The current ratio measures the company's ability to meet its short-term financial obligations with its current assets.
The current ratio of 1.13 as of September 30, 2024, indicates that the company had $1.13 in current assets for every $1 in current liabilities. This suggests that Aecom may have had sufficient short-term assets to cover its short-term liabilities. However, this ratio is slightly lower compared to the previous years, which may raise concerns about the company's liquidity position.
It is important to note that a current ratio above 1.0 is generally considered healthy, as it signifies that a company has more current assets than current liabilities. A current ratio below 1.0 may indicate potential liquidity issues.
Overall, Aecom Technology Corporation's current ratio has been relatively stable over the years, but investors and analysts should continue to monitor changes in this ratio to assess the company's short-term liquidity and financial health.
Peer comparison
Sep 30, 2024