CACI International Inc (CACI)

Current ratio

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Total current assets	US$ in thousands	1,374,530	1,210,040	1,209,640	1,331,180	1,085,890
Total current liabilities	US$ in thousands	1,078,260	993,971	1,027,360	884,801	769,159
Current ratio		1.27	1.22	1.18	1.50	1.41

June 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,374,530K ÷ $1,078,260K
= 1.27

CACI International Inc's current ratio has fluctuated over the past five years. As of June 30, 2024, the current ratio stands at 1.27, an increase from the previous year's ratio of 1.22. While the current ratio has been relatively stable in the range of 1.18 to 1.50 over the past five years, it indicates that the company's current assets are sufficient to cover its current liabilities.

A current ratio above 1.0 suggests that the company has an adequate level of current assets to meet its short-term obligations. However, a higher current ratio may also indicate that the company has excess liquidity that could be deployed more efficiently.

It is essential for investors and stakeholders to monitor CACI International Inc's current ratio over time to assess its liquidity position and ability to meet its short-term financial obligations. Additionally, analyzing trends in the current ratio can provide insights into the company's financial health and operational efficiency.