Amcor PLC (AMCR)
Current ratio
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,965,000 | 5,029,000 | 4,959,000 | 5,085,000 | 5,308,000 | 5,588,000 | 5,863,000 | 5,849,000 | 5,853,000 | 6,170,000 | 5,391,000 | 5,279,000 | 5,266,000 | 4,770,000 | 4,713,000 | 4,612,000 | 4,535,000 | 4,502,200 | 4,687,600 | 4,562,200 |
| Total current liabilities | US$ in thousands | 4,261,000 | 3,913,000 | 3,970,000 | 4,005,000 | 4,476,000 | 4,408,000 | 4,393,000 | 4,589,000 | 5,103,000 | 4,424,000 | 4,293,000 | 4,017,000 | 4,345,000 | 3,670,000 | 3,678,000 | 3,626,000 | 3,974,000 | 3,651,900 | 3,767,400 | 3,839,600 |
| Current ratio | 1.17 | 1.29 | 1.25 | 1.27 | 1.19 | 1.27 | 1.33 | 1.27 | 1.15 | 1.39 | 1.26 | 1.31 | 1.21 | 1.30 | 1.28 | 1.27 | 1.14 | 1.23 | 1.24 | 1.19 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,965,000K ÷ $4,261,000K
= 1.17
The current ratio of Amcor PLC has shown fluctuation over the past several quarters. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities.
From the data provided, we can observe that the current ratio has ranged from a low of 1.14 to a high of 1.39 over the last eight quarters. The current ratio peaked at 1.39 in Mar 31, 2022, indicating a strong ability to meet short-term obligations at that point in time.
However, the current ratio decreased to a low of 1.14 in Sep 30, 2020, which may suggest potential liquidity concerns or inadequacy in covering short-term obligations with current assets during that period.
Overall, the current ratio of Amcor PLC has demonstrated some variability, but generally has remained above 1 in most periods, indicating a satisfactory ability to manage short-term liabilities with current assets. It would be important to further analyze the components of current assets and liabilities to fully assess the company's liquidity position.
Peer comparison
Jun 30, 2024