Electronic Arts Inc (EA)
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 | 4,247,000 | 4,349,000 | 3,844,000 | 3,574,000 | 3,969,000 | 3,842,000 | 3,442,000 | 3,517,000 | 4,151,000 | 4,358,000 | 3,390,000 | 4,677,000 | 7,213,000 | 7,721,000 | 6,830,000 | 6,690,000 | 6,517,000 | 6,629,000 | 6,040,000 | 5,800,000 |
| Total current liabilities | US$ in thousands | 3,090,000 | 3,280,000 | 2,788,000 | 2,800,000 | 3,285,000 | 3,113,000 | 2,561,000 | 2,833,000 | 3,513,000 | 3,630,000 | 2,577,000 | 2,471,000 | 2,964,000 | 3,492,000 | 2,485,000 | 2,568,000 | 2,664,000 | 2,338,000 | 1,818,000 | 1,650,000 |
| Current ratio | 1.37 | 1.33 | 1.38 | 1.28 | 1.21 | 1.23 | 1.34 | 1.24 | 1.18 | 1.20 | 1.32 | 1.89 | 2.43 | 2.21 | 2.75 | 2.61 | 2.45 | 2.84 | 3.32 | 3.52 |
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 exhibited fluctuations over the past few quarters. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, stood at 1.37 on March 31, 2024. This indicates that Electronic Arts Inc had $1.37 in current assets for every $1 of current liabilities at the end of the first quarter of 2024.
Comparing this to the previous quarters, we see that the current ratio has been relatively stable around the 1.2 to 1.4 range, with some variation. The current ratio peaked at 3.52 on September 30, 2019, and has generally trended downwards since then. The sharp decline from 2.43 on December 31, 2021 to 1.18 on March 31, 2022, followed by a notable increase to 1.89 on June 30, 2022, suggests some fluctuations in the company's liquidity position.
Overall, the current ratio provides insight into Electronic Arts Inc's short-term liquidity and ability to meet its immediate obligations. While the company has maintained a current ratio above 1 (indicating a sufficient level of current assets relative to current liabilities) in recent quarters, analysts may want to further investigate the reasons behind the fluctuations in the current ratio to assess the company's liquidity management and financial health.
Peer comparison
Mar 31, 2024