Accenture plc (ACN)

Current ratio

		Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020	Aug 31, 2019
Total current assets	US$ in thousands	23,381,900	21,610,900	19,666,500	17,749,800	15,450,600
Total current liabilities	US$ in thousands	18,009,000	17,523,500	15,708,900	12,662,600	11,061,900
Current ratio		1.30	1.23	1.25	1.40	1.40

August 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $23,381,900K ÷ $18,009,000K
= 1.30

The current ratio of Accenture plc has exhibited fluctuations over the past five years. In the most recent fiscal year ending August 31, 2023, the current ratio stood at 1.30, showing an increase from the previous year's 1.23. This indicates that the company's ability to meet its short-term liabilities with its current assets has improved. However, it is important to note that the current ratio has decreased from the levels observed in the fiscal years 2020 and 2019, where it stood at 1.40. This suggests a potential decrease in liquidity in the more recent years. It is essential for stakeholders to closely monitor this trend and assess the company's ability to manage its short-term financial obligations in light of these changes.