Air Products and Chemicals Inc (APD)

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	6,363,000	5,677,400	6,057,300	5,649,500	5,200,500	5,354,000	5,721,600	6,321,100	6,282,900	6,367,300	6,249,400	6,483,500	8,376,300	8,376,800	8,766,600	8,809,800	8,684,900	9,006,500	4,688,500	4,719,700
Total current liabilities	US$ in thousands	4,179,600	4,474,500	4,061,000	3,119,200	3,895,800	3,947,700	2,797,900	3,276,900	3,465,800	3,406,900	3,205,100	2,630,100	2,799,100	2,697,100	3,017,400	2,985,900	2,416,700	2,591,000	1,806,900	1,819,000
Current ratio		1.52	1.27	1.49	1.81	1.33	1.36	2.04	1.93	1.81	1.87	1.95	2.47	2.99	3.11	2.91	2.95	3.59	3.48	2.59	2.59

September 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $6,363,000K ÷ $4,179,600K
= 1.52

The current ratio of Air Products and Chemicals Inc has exhibited fluctuation over the past few quarters. As of September 30, 2024, the current ratio stands at 1.52, indicating that the company has $1.52 in current assets for every $1 in current liabilities, which suggests a relatively healthy liquidity position.

Looking at the trend over the past two years, there have been instances of the current ratio exceeding 2, indicating a stronger liquidity position during those periods. However, in more recent quarters, the ratio has declined to around 1.3 to 1.5 levels, signifying a decrease in liquidity compared to the earlier periods.

It is essential to monitor the trend of the current ratio over time to assess the company's ability to meet its short-term obligations and manage its working capital effectively. Overall, Air Products and Chemicals Inc's current ratio analysis suggests fluctuations but generally indicates a reasonable liquidity position.