Walt Disney Company (DIS)
Current ratio
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 25,971,000 | 32,763,000 | 30,174,000 | 28,263,000 | 26,912,000 | 29,098,000 | 31,422,000 | 31,427,000 | 32,913,000 | 33,657,000 | 33,966,000 | 32,877,000 | 34,874,000 | 35,251,000 | 41,330,000 | 33,274,000 | 27,776,000 | 28,124,000 | 31,370,000 | 34,277,000 |
| Total current liabilities | US$ in thousands | 31,033,000 | 31,139,000 | 28,234,000 | 28,056,000 | 27,070,000 | 29,073,000 | 30,704,000 | 29,601,000 | 30,037,000 | 31,077,000 | 27,413,000 | 26,642,000 | 26,546,000 | 26,628,000 | 30,917,000 | 35,473,000 | 34,797,000 | 31,341,000 | 44,593,000 | 44,376,000 |
| Current ratio | 0.84 | 1.05 | 1.07 | 1.01 | 0.99 | 1.00 | 1.02 | 1.06 | 1.10 | 1.08 | 1.24 | 1.23 | 1.31 | 1.32 | 1.34 | 0.94 | 0.80 | 0.90 | 0.70 | 0.77 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $25,971,000K ÷ $31,033,000K
= 0.84
The current ratio of Walt Disney Company has shown fluctuations over the past few quarters. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio of less than 1 indicates that the company may have difficulty meeting its short-term liabilities.
Looking at the data provided:
- The current ratio was below 1 in four quarters, indicating potential financial stress in meeting short-term obligations during those periods.
- The ratio improved in the middle of 2021, with ratios above 1.2, suggesting a better ability to cover short-term liabilities.
- However, the ratio declined in the later quarters of 2022 and 2023, hovering around 1 or slightly below 1, which may signal a tightening liquidity position.
- The downward trend continued with the current ratio dropping to 0.84 as of December 31, 2023, indicating a potential strain in meeting short-term obligations.
Overall, the trend in Walt Disney Company's current ratio suggests a fluctuating ability to cover short-term obligations with current assets. It will be important for the company to closely monitor its liquidity position and take necessary steps to ensure sufficient liquidity to meet its short-term liabilities.
Peer comparison
Dec 31, 2023