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