Coty Inc (COTY)
Current ratio
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,963,500 | 1,985,600 | 2,421,600 | 2,243,500 | 2,051,700 | 1,914,500 | 1,906,300 | 1,830,000 | 1,681,900 | 2,204,200 | 2,178,400 | 2,060,200 | 1,783,100 | 1,818,200 | 2,217,500 | 6,976,200 | 6,495,000 | 3,673,100 | 3,023,300 | 3,132,700 |
| Total current liabilities | US$ in thousands | 2,601,800 | 2,476,200 | 2,851,000 | 2,828,100 | 2,736,800 | 2,757,300 | 2,915,600 | 2,610,600 | 2,565,600 | 3,196,200 | 2,902,100 | 3,071,800 | 2,415,400 | 2,565,900 | 2,983,100 | 3,678,000 | 3,585,700 | 3,085,800 | 3,513,600 | 3,237,400 |
| Current ratio | 0.75 | 0.80 | 0.85 | 0.79 | 0.75 | 0.69 | 0.65 | 0.70 | 0.66 | 0.69 | 0.75 | 0.67 | 0.74 | 0.71 | 0.74 | 1.90 | 1.81 | 1.19 | 0.86 | 0.97 |
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 fluctuations over the past few quarters. It was relatively stable around 0.7 to 0.8 from December 2020 to March 2023. However, in the recent quarters, the current ratio has declined, indicating potential liquidity challenges.
The current ratio was 0.75 as of June 30, 2024, which means that for every dollar of current liabilities, Coty Inc had $0.75 of current assets available to cover those obligations. This suggests that the company may have difficulties meeting its short-term financial obligations.
A current ratio below 1.0 may indicate potential liquidity issues and raises concerns about the company's ability to meet its short-term debt obligations. It is essential for Coty Inc to closely monitor its liquidity position and take necessary steps to improve its current ratio to ensure financial stability and meet its short-term obligations.
Peer comparison
Jun 30, 2024