Cencora Inc. (COR)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 47,717,800 | 42,798,800 | 39,589,800 | 38,802,600 | 33,055,700 |
| Total current liabilities | US$ in thousands | 54,277,100 | 48,831,200 | 43,478,000 | 41,358,600 | 33,853,100 |
| Current ratio | 0.88 | 0.88 | 0.91 | 0.94 | 0.98 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $47,717,800K ÷ $54,277,100K
= 0.88
The current ratio of Cencora Inc. has been steadily decreasing over the past five years, from 0.98 in 2020 to 0.88 in 2024. This downward trend indicates a potential deterioration in the company's short-term liquidity position.
A current ratio below 1 suggests that the company may have difficulty meeting its short-term financial obligations with its current assets alone. The current ratio of Cencora Inc. has consistently been below 1 in recent years, indicating a potential strain on the company's ability to pay off its current liabilities.
It is essential for Cencora Inc. to monitor its liquidity closely and take necessary steps to improve its current ratio to ensure it can meet its short-term obligations effectively. This may involve managing its current assets and liabilities more efficiently to enhance its liquidity position and financial stability.
Peer comparison
Sep 30, 2024