Alkermes Plc (ALKS)

Current ratio

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	1,564,180	1,542,190	1,468,820	1,485,510	1,464,780	1,397,350	1,110,060	1,130,310	1,053,800	1,045,990	1,014,830	1,062,170	1,053,010	1,037,760	1,006,010	1,110,970	1,024,940	947,359	912,584	961,970
Total current liabilities	US$ in thousands	453,705	515,549	458,977	520,220	503,107	487,185	492,910	497,742	469,555	438,518	462,361	471,286	452,984	383,442	365,842	438,258	378,151	321,414	339,849	391,112
Current ratio		3.45	2.99	3.20	2.86	2.91	2.87	2.25	2.27	2.24	2.39	2.19	2.25	2.32	2.71	2.75	2.53	2.71	2.95	2.69	2.46

September 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,564,180K ÷ $453,705K
= 3.45

The current ratio of Alkermes Plc has shown some fluctuations over the past few years, ranging from 2.19 to 3.45. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a positive sign.

Alkermes Plc's current ratio has generally been above 2 in recent years, which indicates a healthy liquidity position. A higher current ratio suggests the company is able to meet its short-term obligations comfortably. A current ratio of 3.45, as seen in the most recent period, indicates that Alkermes Plc has $3.45 in current assets for every $1 of current liabilities, reflecting a strong liquidity position.

Although there have been fluctuations in the current ratio over time, the overall trend indicates that Alkermes Plc has maintained a solid liquidity position. It is important for investors and stakeholders to monitor this ratio to ensure the company can continue to meet its short-term obligations effectively.