Accenture plc (ACN)

Current ratio

		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	Aug 31, 2019	May 31, 2019
Total current assets	US$ in thousands	20,328,800	23,055,600	23,381,900	23,380,100	21,061,000	20,672,500	21,610,900	21,007,700	19,185,100	18,621,700	19,666,500	21,144,900	19,560,700	18,626,100	17,749,800	16,146,200	15,405,300	15,606,100	15,450,600	14,141,700
Total current liabilities	US$ in thousands	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	11,061,900	10,552,000
Current ratio		1.26	1.33	1.30	1.37	1.29	1.26	1.23	1.27	1.23	1.22	1.25	1.42	1.39	1.45	1.40	1.37	1.38	1.39	1.40	1.34

February 29, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $20,328,800K ÷ $16,136,000K
= 1.26

The current ratio of Accenture plc has shown some fluctuations over the past few years. It ranged from a low of 1.22 to a high of 1.45 during the period under review. The current ratio measures the company's ability to pay its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a healthy sign.

In general, a current ratio above 1 is desirable as it shows that the company can cover its short-term liabilities with its current assets. A ratio below 1 may indicate liquidity issues or difficulty in meeting short-term obligations.

Accenture plc's current ratio has mostly stayed within a narrow range above 1, indicating that the company has been able to maintain a comfortable level of liquidity and meet its short-term obligations. Overall, the current ratio of Accenture plc reflects a strong financial position in terms of its short-term liquidity.