Cencora Inc. (COR)
Current ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 42,798,800 | 39,589,800 | 38,802,600 | 33,055,700 | 28,132,100 |
| Total current liabilities | US$ in thousands | 48,831,200 | 43,478,000 | 41,358,600 | 33,853,100 | 29,581,300 |
| Current ratio | 0.88 | 0.91 | 0.94 | 0.98 | 0.95 |
September 30, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $42,798,800K ÷ $48,831,200K
= 0.88
The current ratio of Cencora Inc. has exhibited a declining trend over the past four years, decreasing from 0.20 as of December 31, 2020, to 0.88 as of September 30, 2023. This indicates a potential weakening in the company's short-term liquidity position as its current assets may not be sufficient to cover its current liabilities. It's worth noting that a current ratio below 1.0 may raise concerns about the company's ability to meet its short-term obligations. Further analysis is recommended to assess the reasons behind this declining trend and to evaluate the company's overall financial health.
Peer comparison
Sep 30, 2023