Cencora Inc. (COR)
Current ratio
| Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 47,717,800 | 47,307,300 | 44,161,100 | 44,858,700 | 42,798,800 | 40,986,600 | 39,989,600 | 40,708,100 | 39,589,800 | 39,744,500 | 39,409,700 | 39,378,900 | 38,802,600 | 37,259,800 | 35,469,100 | 34,700,200 | 33,055,700 | 29,918,600 | 31,180,600 | 28,954,800 |
| Total current liabilities | US$ in thousands | 54,277,100 | 52,973,900 | 49,761,800 | 50,773,500 | 48,831,200 | 46,783,200 | 45,071,100 | 44,760,600 | 43,478,000 | 43,154,300 | 42,797,600 | 41,613,600 | 41,358,600 | 39,589,800 | 32,996,400 | 35,044,500 | 33,853,100 | 30,631,600 | 32,111,800 | 30,630,500 |
| Current ratio | 0.88 | 0.89 | 0.89 | 0.88 | 0.88 | 0.88 | 0.89 | 0.91 | 0.91 | 0.92 | 0.92 | 0.95 | 0.94 | 0.94 | 1.07 | 0.99 | 0.98 | 0.98 | 0.97 | 0.95 |
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 shown some fluctuation over the past several quarters. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger liquidity position.
In the most recent quarter, as of September 30, 2024, Cencora Inc. had a current ratio of 0.88, which has decreased slightly from the previous quarter but remains below 1. This suggests that the company may have difficulty in meeting its short-term obligations with its current assets alone.
Looking at the trend over the past few quarters, the current ratio has generally been below 1, indicating a potential liquidity issue. However, the current ratio has slightly improved from earlier in 2024 but is lower compared to the end of 2022.
Further analysis and comparison with industry averages or competitors' current ratios would provide more insights into Cencora Inc.'s liquidity position. It would be advisable for the company to closely monitor its current assets and liabilities to ensure it can meet its short-term obligations in a timely manner.
Peer comparison
Sep 30, 2024