Broadridge Financial Solutions Inc (BR)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,540,900 | 1,392,500 | 1,328,400 | 1,261,300 | 1,328,000 |
| Total current liabilities | US$ in thousands | 1,421,800 | 2,397,800 | 1,313,400 | 1,288,000 | 1,341,000 |
| Current ratio | 1.08 | 0.58 | 1.01 | 0.98 | 0.99 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,540,900K ÷ $1,421,800K
= 1.08
Broadridge Financial Solutions Inc's current ratio has exhibited fluctuations over the past five years. The current ratio, which measures the company's ability to meet its short-term obligations with its current assets, was 1.08 as of June 30, 2024. This suggests that the company had $1.08 in current assets for every $1 in current liabilities, indicating a relatively healthy liquidity position.
Comparing this to previous years, we observe a significant improvement from the low of 0.58 in June 30, 2023, indicating a potential improvement in the company's short-term financial health. However, fluctuations in the current ratio from 1.01 in 2022, 0.98 in 2021, to 0.99 in 2020, indicate that Broadridge Financial Solutions Inc has experienced variability in its ability to cover short-term obligations over the past years.
Overall, while the current ratio has shown improvement in 2024 compared to previous years, it is essential to monitor how Broadridge Financial Solutions Inc manages its current assets and liabilities to sustain and potentially enhance its liquidity position in the future.
Peer comparison
Jun 30, 2024