Accenture plc (ACN)

Cash ratio

		Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019
Cash and cash equivalents	US$ in thousands	5,004,470	5,537,220	5,121,110	7,140,840	9,045,030	8,535,450	6,238,790	5,899,700	7,889,830	6,703,570	5,466,120	5,637,120	8,168,170	10,009,400	9,166,580	8,594,000	8,415,330	6,442,260	5,436,460	5,810,540
Short-term investments	US$ in thousands	5,396	4,878	4,540	4,597	4,575	4,482	4,189	4,095	3,973	4,322	6,031	6,968	4,294	4,433	3,518	83,148	94,309	3,676	3,643	3,303
Total current liabilities	US$ in thousands	18,976,100	18,207,800	16,136,000	17,280,200	18,009,000	17,092,500	16,349,500	16,460,200	17,523,500	16,562,600	15,540,100	15,232,000	15,708,900	14,929,600	14,090,700	12,819,100	12,662,600	11,828,300	11,177,600	11,199,400
Cash ratio		0.26	0.30	0.32	0.41	0.50	0.50	0.38	0.36	0.45	0.41	0.35	0.37	0.52	0.67	0.65	0.68	0.67	0.54	0.49	0.52

August 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($5,004,470K + $5,396K) ÷ $18,976,100K
= 0.26

The cash ratio of Accenture plc has shown fluctuations over the periods provided, ranging from 0.26 to 0.68. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.

Looking at the trend, the company's cash ratio has generally been above 0.3, indicating a healthy level of liquidity. The ratio peaked at 0.68 in November 2020, suggesting a strong ability to cover short-term liabilities during that period. However, the ratio has since fluctuated, reaching a low of 0.26 in August 2024.

Overall, the cash ratio trend of Accenture plc suggests that the company has maintained a reasonable level of liquidity over the periods provided, although there have been fluctuations that may require further analysis to understand the underlying reasons.