DXC Technology Co (DXC)
Current ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,135,000 | 6,124,000 | 7,446,000 | 8,208,000 | 8,987,000 |
| Total current liabilities | US$ in thousands | 4,394,000 | 5,187,000 | 6,853,000 | 8,150,000 | 7,895,000 |
| Current ratio | 1.17 | 1.18 | 1.09 | 1.01 | 1.14 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,135,000K ÷ $4,394,000K
= 1.17
The current ratio of DXC Technology Co has been relatively stable over the past five years, ranging between 1.01 and 1.18. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities.
In the most recent year, as of March 31, 2024, DXC Technology Co's current ratio stands at 1.17, showing that the company's current assets continue to exceed its current liabilities. This indicates that the company should be able to cover its short-term obligations comfortably.
Overall, the trend in DXC Technology Co's current ratio suggests a reasonable level of liquidity and financial stability over the past five years. However, it would be important to monitor any significant changes in the current ratio in the future to assess the company's short-term liquidity position.
Peer comparison
Mar 31, 2024