Coty Inc (COTY)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,963,500 | 2,051,700 | 1,681,900 | 1,783,100 | 6,495,000 |
| Total current liabilities | US$ in thousands | 2,601,800 | 2,736,800 | 2,565,600 | 2,415,400 | 3,585,700 |
| Current ratio | 0.75 | 0.75 | 0.66 | 0.74 | 1.81 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,963,500K ÷ $2,601,800K
= 0.75
The current ratio of Coty Inc has shown variability over the past five years. As of June 30, 2024, the current ratio stands at 0.75, which indicates that the company's current assets are 0.75 times its current liabilities. This ratio has remained relatively stable over the last two years, hovering around 0.75.
In the previous years, the current ratio was lower, reaching its lowest point of 0.66 in June 30, 2022. This suggests that the company may have faced challenges in meeting its short-term obligations with its current assets during that period.
The current ratio increased significantly in June 30, 2020, reaching 1.81, indicating that the company had substantially more current assets than current liabilities at that time. This could signify better short-term financial health and liquidity for Coty Inc in that particular period.
Overall, the current ratio fluctuates year over year, and investors and stakeholders may want to monitor this metric closely to assess the company's ability to cover its short-term obligations with its current assets in the future.
Peer comparison
Jun 30, 2024