Avantor Inc (AVTR)

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	2,329,200	2,321,100	2,384,900	2,384,800	2,499,100	2,627,300	2,657,900	2,560,100	2,571,500	2,606,300	2,477,200	3,564,600	2,422,700	2,232,000	2,230,900	2,296,800	2,292,300	2,196,600	2,021,500	2,018,700
Total current liabilities	US$ in thousands	1,464,600	1,441,900	1,480,300	1,488,100	1,550,100	1,669,500	1,658,800	1,551,900	1,571,300	1,447,100	1,450,800	1,320,100	1,377,700	1,240,700	1,242,700	1,136,000	1,053,700	1,126,600	1,074,500	1,078,700
Current ratio		1.59	1.61	1.61	1.60	1.61	1.57	1.60	1.65	1.64	1.80	1.71	2.70	1.76	1.80	1.80	2.02	2.18	1.95	1.88	1.87

June 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,329,200K ÷ $1,464,600K
= 1.59

The current ratio of Avantor Inc has shown some fluctuations over the past few quarters. The ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities.

From the data provided, we can see that the current ratio has generally been above 1, indicating that Avantor Inc has had sufficient current assets to cover its short-term obligations. The current ratio has ranged from 1.59 to 2.70 over the past few quarters, with some variability in between.

In the most recent quarter, Jun 30, 2024, the current ratio stood at 1.59, slightly lower than the ratios seen in the previous quarters. This may suggest a slight decline in the company's liquidity position compared to the previous period.

Overall, while the current ratio fluctuates, it generally remains within a healthy range above 1, indicating that Avantor Inc has the ability to meet its short-term financial obligations using its current assets. It is important for the company to monitor and manage its current assets and liabilities to maintain a healthy liquidity position.