Becton Dickinson and Company (BDX)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 10,468,000 | 8,676,000 | 8,141,000 | 8,838,000 | 8,969,000 |
| Total current liabilities | US$ in thousands | 8,956,000 | 6,641,000 | 7,811,000 | 6,626,000 | 5,836,000 |
| Current ratio | 1.17 | 1.31 | 1.04 | 1.33 | 1.54 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $10,468,000K ÷ $8,956,000K
= 1.17
The current ratio of Becton Dickinson and Company has exhibited fluctuations over the past five years. In 2024, the current ratio stands at 1.17, down from 1.31 in 2023. This decline suggests a decrease in the company's ability to meet its short-term obligations with its current assets.
Compared to the previous years, the current ratio in 2024 is lower than both 2023 and 2021, indicating a potential liquidity concern. The current ratio of 1.17 may raise questions about the company's ability to cover its short-term liabilities comfortably.
Furthermore, the current ratio in 2022 was notably low at 1.04, indicating a potential liquidity challenge during that period. In contrast, the ratios in 2021 and 2020 were relatively higher at 1.33 and 1.54 respectively, suggesting stronger liquidity positions in those years.
Overall, the declining trend in the current ratio of Becton Dickinson and Company raises some concerns about its short-term liquidity management. Further analysis and monitoring of the company's liquidity position may be warranted to assess its ability to meet ongoing financial obligations.
Peer comparison
Sep 30, 2024