Dynatrace Holdings LLC (DT)
Current ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,605,300 | 1,118,180 | 948,422 | 680,282 | 487,777 |
| Total current liabilities | US$ in thousands | 1,258,550 | 1,037,040 | 865,599 | 647,911 | 490,183 |
| Current ratio | 1.28 | 1.08 | 1.10 | 1.05 | 1.00 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,605,300K ÷ $1,258,550K
= 1.28
The current ratio of Dynatrace Holdings LLC has shown a consistent improvement over the past five years, indicating a strengthening liquidity position. As of March 31, 2024, the current ratio stands at 1.28, which means that the company has $1.28 in current assets for every $1 in current liabilities. This suggests that Dynatrace Holdings LLC has an adequate level of short-term assets to cover its short-term obligations.
The upward trend in the current ratio from 1.00 in 2020 to 1.28 in 2024 signifies an improvement in the company's ability to meet its short-term financial obligations. A current ratio above 1 indicates that the company has more current assets than current liabilities, providing a cushion in case of unexpected financial demands.
Overall, the increasing current ratio of Dynatrace Holdings LLC suggests a positive liquidity position and indicates that the company is effectively managing its short-term resources to meet its current liabilities. It reflects a healthy financial position and the ability to handle short-term liquidity needs efficiently.
Peer comparison
Mar 31, 2024