Accenture plc (ACN)

Quick 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
Cash	US$ in thousands	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	6,126,850	4,769,160
Short-term investments	US$ in thousands	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	3,313	3,338
Receivables	US$ in thousands	11,374,100	11,467,100	10,690,700	11,005,900	10,997,500	11,211,000	10,484,200	10,816,700	10,342,200	10,032,700	8,796,990	8,637,840	7,986,150	7,799,770	7,192,110	7,677,370	7,785,960	7,908,780	7,467,340	7,544,570
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
Quick ratio		1.02	1.08	1.10	1.14	1.05	1.04	1.05	1.06	1.02	1.03	1.08	1.25	1.22	1.29	1.24	1.19	1.18	1.23	1.23	1.17

February 29, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($5,121,110K + $4,540K + $11,374,100K) ÷ $16,136,000K
= 1.02

The quick ratio of Accenture plc has exhibited some fluctuations over the past 20 quarters, ranging from a low of 1.02 to a high of 1.29. The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets, excluding inventory. A quick ratio of 1 or higher generally indicates that a company has an acceptable level of liquidity.

Looking at the trend over the period, the quick ratio has generally been above 1, indicating that Accenture has had a strong ability to cover its short-term liabilities with its quick assets. There are a few quarters where the quick ratio dipped slightly below 1, suggesting a potential strain on short-term liquidity during those periods.

Overall, the trend in Accenture's quick ratio demonstrates a consistent focus on maintaining a healthy level of liquidity to meet its short-term obligations. While some fluctuations are evident, the company generally appears to have managed its short-term liquidity well over the analyzed period.