Becton Dickinson and Company (BDX)
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 | 10,468,000 | 12,207,000 | 10,340,000 | 8,156,000 | 8,676,000 | 8,588,000 | 9,587,000 | 8,175,000 | 8,141,000 | 9,547,000 | 10,152,000 | 8,307,000 | 8,838,000 | 9,538,000 | 10,000,000 | 9,537,000 | 8,969,000 | 8,827,000 | 8,555,000 | 6,438,000 |
| Total current liabilities | US$ in thousands | 8,956,000 | 6,605,000 | 7,327,000 | 7,540,000 | 6,641,000 | 6,878,000 | 7,304,000 | 7,625,000 | 7,811,000 | 7,080,000 | 6,657,000 | 6,735,000 | 6,626,000 | 7,749,000 | 5,376,000 | 7,021,000 | 5,836,000 | 6,067,000 | 8,755,000 | 6,726,000 |
| Current ratio | 1.17 | 1.85 | 1.41 | 1.08 | 1.31 | 1.25 | 1.31 | 1.07 | 1.04 | 1.35 | 1.53 | 1.23 | 1.33 | 1.23 | 1.86 | 1.36 | 1.54 | 1.45 | 0.98 | 0.96 |
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 fluctuated over the past few quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
From Sep 30, 2019 to Jun 30, 2020, the current ratio was below 1, indicating that the company may have had difficulty meeting its short-term obligations with its current assets during that period.
However, from Mar 31, 2020 to Jun 30, 2024, the current ratio improved and generally stayed above 1, reaching a peak of 1.85 on Jun 30, 2024. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is a positive sign as it suggests the company has sufficient liquidity to meet its short-term obligations.
The fluctuation in the current ratio could be due to various factors such as changes in the company's current assets and liabilities, management of working capital, or shifts in business operations. It is important for stakeholders to monitor the current ratio to assess the company's short-term financial health and liquidity position.
Peer comparison
Sep 30, 2024