Becton Dickinson and Company (BDX)

Current ratio

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 Jun 30, 2019 Mar 31, 2019
Total current assets US$ in thousands 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 6,664,000 6,781,000 6,844,000
Total current liabilities US$ in thousands 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 5,655,000 6,237,000 7,108,000
Current ratio 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 1.18 1.09 0.96

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $8,156,000K ÷ $7,540,000K
= 1.08

The current ratio, which measures a company's ability to cover its short-term liabilities with its short-term assets, has varied for Becton Dickinson & Co. over the past eight quarters. The current ratio fluctuated between 1.04 and 1.53 during this period.

In Q1 2024, the current ratio stood at 1.08. This indicates that the company had $1.08 in current assets for every $1 of current liabilities, suggesting a slightly weaker liquidity position compared to the previous quarter.

Notably, in Q2 2022, the company had a relatively high current ratio of 1.53, reflecting a strong ability to meet short-term obligations with current assets. However, this ratio decreased gradually over the subsequent quarters, reaching a low of 1.04 in Q4 2022 before starting to improve again.

Overall, the current ratio of Becton Dickinson & Co. has shown some volatility, implying fluctuations in the company's liquidity position. Further analysis of the underlying reasons for these fluctuations would be necessary to determine the company's ability to manage its short-term financial obligations effectively.


Peer comparison

Dec 31, 2023


See also:

Becton Dickinson and Company Current Ratio (Quarterly Data)