Electronic Arts Inc (EA)
Current ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,247,000 | 3,969,000 | 4,151,000 | 7,213,000 | 6,517,000 |
| Total current liabilities | US$ in thousands | 3,090,000 | 3,285,000 | 3,513,000 | 2,964,000 | 2,664,000 |
| Current ratio | 1.37 | 1.21 | 1.18 | 2.43 | 2.45 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,247,000K ÷ $3,090,000K
= 1.37
The current ratio of Electronic Arts Inc has fluctuated over the past five years, ranging from a low of 1.18 in March 2022 to a high of 2.45 in March 2020. The current ratio as of March 31, 2024, stands at 1.37, which indicates that the company has $1.37 in current assets for every $1 in current liabilities.
A current ratio above 1 suggests that Electronic Arts Inc has more than enough current assets to cover its current liabilities. While the current ratio has improved compared to the previous year, it is still lower than the ratios reported in March 2020 and March 2021.
It is important for investors and analysts to monitor changes in the current ratio over time to assess the company's liquidity and ability to meet its short-term obligations. However, a single ratio may not provide a complete picture of the company's financial health, and it should be analyzed in conjunction with other financial metrics and qualitative factors.
Peer comparison
Mar 31, 2024