Catalent Inc (CTLT)

Current ratio

Sep 30, 2024 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
Total current assets US$ in thousands 2,507,000 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
Total current liabilities US$ in thousands 998,000 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
Current ratio 2.51 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

September 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,507,000K ÷ $998,000K
= 2.51

The current ratio of Catalent Inc has shown fluctuation over the past few years. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates better short-term financial health.

In the recent quarters, Catalent Inc's current ratio has been relatively stable, ranging between 2.48 and 2.52. This indicates that the company has a strong ability to cover its short-term liabilities with its current assets. However, looking back at the previous year, the current ratio was below 2.00 in some quarters, suggesting a tighter liquidity position during those periods.

It is important to note that a current ratio significantly above 1.0 signals that the company has more than enough current assets to cover its current liabilities, which can be a positive indicator of financial stability. However, a current ratio that is too high may also imply inefficient use of resources.

In conclusion, while Catalent Inc's current ratio has shown variability, the recent quarters have displayed a relatively healthy level of liquidity, indicating the company's ability to easily meet its short-term obligations. Continued monitoring of the current ratio will be essential to assess the company's liquidity position over time.


Peer comparison

Sep 30, 2024