Cencora Inc. (COR)
Current ratio
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 28,132,100 | 27,401,800 | 27,622,200 |
| Total current liabilities | US$ in thousands | 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 | 29,581,300 | 28,788,900 | 29,211,900 |
| Current ratio | 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 | 0.95 | 0.95 | 0.95 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $44,858,700K ÷ $50,773,500K
= 0.88
The current ratio of Cencora Inc. has remained relatively stable, hovering around 0.88 to 0.92 throughout the past eight quarters. This indicates that the company's ability to meet its short-term liabilities with its current assets has not shown significant improvement or deterioration over this period. While the current ratio is below the ideal benchmark of 1, suggesting a potential liquidity risk, the consistency in the ratio may indicate that the company has been able to manage its current assets and liabilities effectively. However, further examination of the composition of current assets and liabilities is necessary to gain a complete understanding of the company's short-term financial position.
Peer comparison
Dec 31, 2023