Embecta Corp (EMBC)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | ||
|---|---|---|---|---|
| Total current assets | US$ in thousands | 761,000 | 749,100 | 664,700 |
| Total current liabilities | US$ in thousands | 374,000 | 353,500 | 301,000 |
| Current ratio | 2.03 | 2.12 | 2.21 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $761,000K ÷ $374,000K
= 2.03
The current ratio of Embecta Corp has shown a decreasing trend over the past three years, declining from 2.21 in 2022 to 2.12 in 2023 and further to 2.03 in 2024. Despite the decrease, the current ratio remains above 1, indicating that the company's current assets continue to exceed its current liabilities. This suggests that Embecta Corp is in a healthy financial position in the short term, with sufficient current assets to cover its short-term obligations. However, the downward trend in the current ratio may signal potential challenges in managing liquidity and meeting short-term financial obligations in the future. It is important for the company to closely monitor its current ratio and take proactive measures to maintain a healthy balance between current assets and liabilities.
Peer comparison
Sep 30, 2024