Catalent Inc (CTLT)

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	2,597,000	2,523,000	2,570,000	2,614,000	2,692,000	2,738,000	2,919,000	2,699,000	2,917,000	3,025,000	2,974,000	3,931,000	2,918,000	2,774,500	2,518,900	2,356,100	2,293,000	1,746,100	1,300,500	1,266,800
Total current liabilities	US$ in thousands	1,031,000	1,007,000	1,036,000	1,534,000	1,530,000	1,487,000	1,552,000	969,000	1,098,000	1,046,000	1,045,000	1,096,000	1,196,000	1,139,200	1,024,000	919,700	893,000	917,100	658,100	615,800
Current ratio		2.52	2.51	2.48	1.70	1.76	1.84	1.88	2.79	2.66	2.89	2.85	3.59	2.44	2.44	2.46	2.56	2.57	1.90	1.98	2.06

June 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,597,000K ÷ $1,031,000K
= 2.52

The current ratio of Catalent Inc has exhibited fluctuations over the provided periods. The current ratio provides insight into the company's ability to meet its short-term obligations with its current assets.

The current ratio was relatively stable around the 2.5 range from March 2021 to March 2022, suggesting a consistent ability to cover short-term liabilities. However, from September 2022 to September 2023, there was a noticeable decline in the current ratio, falling to as low as 1.70 in September 2023. This indicates a potential strain on short-term liquidity during this period.

The current ratio showed improvement in the subsequent quarters, reaching levels above 2.5 by June 2024. This recovery suggests an enhancement in the company's short-term liquidity position. Overall, while the current ratio experienced variability, Catalent Inc generally maintained a position where its current assets exceeded current liabilities, demonstrating a satisfactory ability to meet short-term financial obligations.