Catalent Inc (CTLT)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,597,000 | 2,692,000 | 2,917,000 | 2,918,000 | 2,293,000 |
| Total current liabilities | US$ in thousands | 1,031,000 | 1,530,000 | 1,098,000 | 1,196,000 | 893,000 |
| Current ratio | 2.52 | 1.76 | 2.66 | 2.44 | 2.57 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,597,000K ÷ $1,031,000K
= 2.52
Catalent Inc's current ratio has displayed fluctuations over the past five years. The company's current ratio stood at 2.52 as of June 30, 2024, reflecting an improvement compared to the prior year. A current ratio above 1 indicates that Catalent Inc possesses more current assets than current liabilities, signifying its ability to meet its short-term obligations. The 2024 ratio of 2.52 suggests that the company's current assets are more than double its current liabilities, indicating a strong liquidity position. However, it is essential to consider other factors alongside the current ratio to assess the overall financial health and efficiency of Catalent Inc.
Peer comparison
Jun 30, 2024