DXC Technology Co (DXC)
Current ratio
| 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 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,135,000 | 5,531,000 | 5,349,000 | 5,744,000 | 6,124,000 | 6,993,000 | 6,678,000 | 6,848,000 | 7,446,000 | 7,503,000 | 7,384,000 | 7,541,000 | 8,208,000 | 9,105,000 | 8,337,000 | 10,708,000 | 8,987,000 | 8,183,000 | 8,490,000 | 8,190,000 |
| Total current liabilities | US$ in thousands | 4,394,000 | 4,961,000 | 4,724,000 | 5,057,000 | 5,187,000 | 6,170,000 | 5,865,000 | 6,257,000 | 6,853,000 | 6,728,000 | 6,819,000 | 7,406,000 | 8,150,000 | 8,270,000 | 8,656,000 | 8,325,000 | 7,895,000 | 8,784,000 | 8,974,000 | 9,338,000 |
| Current ratio | 1.17 | 1.11 | 1.13 | 1.14 | 1.18 | 1.13 | 1.14 | 1.09 | 1.09 | 1.12 | 1.08 | 1.02 | 1.01 | 1.10 | 0.96 | 1.29 | 1.14 | 0.93 | 0.95 | 0.88 |
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 fluctuated over the past few quarters. As of March 31, 2024, the current ratio stands at 1.17, indicating the company has $1.17 in current assets for every $1 in current liabilities. This suggests the company has a relatively stable ability to meet its short-term obligations.
Looking at historical trends, the current ratio has ranged from a low of 0.88 on September 30, 2019, to a high of 1.29 on June 30, 2020. The ratio experienced some volatility during the earlier periods but has shown a more stable trend in recent quarters.
Overall, the current ratio of DXC Technology Co has generally remained above 1 in the recent quarters, which is considered a healthy sign as it indicates that the company has sufficient current assets to cover its current liabilities. However, analysts may continue to monitor future changes in the current ratio to assess the company's short-term liquidity position.
Peer comparison
Mar 31, 2024