Accenture plc (ACN)

Current 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
Total current assets	US$ in thousands	20,857,800	21,075,400	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
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
Current ratio		1.10	1.16	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

August 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $20,857,800K ÷ $18,976,100K
= 1.10

The current ratio of Accenture plc has shown some fluctuations over the past few quarters. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities.

Looking at the trend in Accenture's current ratio, we can see that it has ranged between 1.10 and 1.45 over the past few years. The ratio has generally remained above 1, indicating that the company has had more current assets than current liabilities.

In more recent quarters, the current ratio has shown some decline from the peak of 1.45 in February 2021 to 1.10 in August 2024. While a ratio of 1.10 is still above 1, indicating a healthy position, the decreasing trend may suggest that the company's current liabilities are increasing relative to its current assets.

Investors and stakeholders may want to monitor this trend closely to ensure that Accenture plc continues to maintain a healthy balance between its current assets and liabilities in the future.