Accenture plc (ACN)

Quick 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	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
Receivables	US$ in thousands	11,873,400	11,336,400	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
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
Quick ratio		0.89	0.93	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

August 31, 2024 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($5,004,470K + $5,396K + $11,873,400K) ÷ $18,976,100K
= 0.89

The quick ratio of Accenture plc has shown fluctuation over the past few years, ranging from 0.89 to 1.29. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.

Looking at the trend, we can observe that the quick ratio peaked at 1.29 in November 2020, indicating strong liquidity levels at that time. However, it has since decreased and fluctuated around the 1.0 mark in recent periods. A quick ratio above 1.0 is generally considered healthy, as it suggests the company has a cushion to cover its short-term obligations without having to rely on selling inventory.

It is important to assess the components of the quick ratio (cash, cash equivalents, and accounts receivable) in conjunction with other liquidity and solvency ratios to gain a more comprehensive understanding of Accenture's financial health and ability to meet its short-term obligations.