Broadridge Financial Solutions Inc (BR)

Current ratio

		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	Sep 30, 2019
Total current assets	US$ in thousands	1,540,900	1,565,100	1,363,600	1,326,900	1,392,500	1,568,200	1,282,700	1,222,000	1,328,400	1,495,100	1,266,600	1,211,100	1,261,300	1,378,600	1,148,500	1,120,000	1,328,000	1,361,000	1,010,600	1,095,100
Total current liabilities	US$ in thousands	1,421,800	1,122,400	971,200	924,000	2,397,800	1,163,000	1,018,900	991,700	1,313,400	1,176,800	1,087,800	966,800	1,288,000	1,002,600	837,900	743,900	1,341,000	1,255,000	1,124,800	1,040,900
Current ratio		1.08	1.39	1.40	1.44	0.58	1.35	1.26	1.23	1.01	1.27	1.16	1.25	0.98	1.38	1.37	1.51	0.99	1.08	0.90	1.05

June 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,540,900K ÷ $1,421,800K
= 1.08

The current ratio of Broadridge Financial Solutions Inc has shown fluctuations over the past 6 quarters, ranging from a low of 0.58 to a high of 1.51. A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its current assets alone, while a ratio above 1 suggests strong liquidity.

In the most recent quarter, as of June 30, 2024, the current ratio stands at 1.08, which is lower compared to the previous quarter's ratio of 1.39. This decline may raise concerns about the company's ability to cover its short-term liabilities with its current assets. It is essential to monitor future trends in the current ratio to assess Broadridge Financial Solutions Inc's liquidity position and financial health effectively.