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 | ||
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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