Bill Com Holdings Inc (BILL)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,314,820 | 6,673,160 | 6,279,390 | 3,606,040 | 2,379,450 |
| Total current liabilities | US$ in thousands | 4,063,020 | 3,753,440 | 3,408,660 | 2,325,660 | 1,676,850 |
| Current ratio | 1.55 | 1.78 | 1.84 | 1.55 | 1.42 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,314,820K ÷ $4,063,020K
= 1.55
The current ratio of Bill Com Holdings Inc has shown a generally improving trend over the past five years, starting at 1.42 on June 30, 2020, and reaching 1.55 on June 30, 2021, further improving to 1.84 on June 30, 2022. However, there was a slight decrease to 1.78 on June 30, 2023, followed by a drop back to 1.55 on June 30, 2024.
The current ratio measures the company's ability to meet its short-term financial obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting that it can comfortably cover its short-term debts.
While the current ratio has fluctuated, it has generally remained above 1 over the years, indicating that Bill Com Holdings Inc has maintained a healthy liquidity position. It is important for investors and stakeholders to monitor this ratio to assess the company's short-term financial health and ability to manage its current liabilities effectively.
Peer comparison
Jun 30, 2024