Embecta Corp (EMBC)
Current ratio
Sep 30, 2024 | Jun 30, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total current assets | US$ in thousands | 761,000 | 781,100 | 710,000 | 719,500 | 749,100 | 787,500 | 756,300 | 761,700 | 664,700 | 580,600 | 426,500 | 258,300 |
Total current liabilities | US$ in thousands | 374,000 | 370,700 | 310,400 | 326,600 | 353,500 | 385,800 | 357,700 | 370,300 | 301,000 | 228,500 | 168,900 | 159,100 |
Current ratio | 2.03 | 2.11 | 2.29 | 2.20 | 2.12 | 2.04 | 2.11 | 2.06 | 2.21 | 2.54 | 2.53 | 1.62 |
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 generally positive trend over the past few quarters, indicating the company's ability to cover its short-term liabilities with its current assets. The current ratio ranged from 1.62 to 2.54 over the past few years, with the most recent ratio standing at 2.03 as of September 30, 2024.
A current ratio above 1 suggests that the company has more current assets than current liabilities, which is a healthy sign. A ratio above 2 is typically considered strong, as it indicates that the company can easily meet its short-term obligations. Embecta Corp's current ratio has consistently been above 2 for the majority of the periods analyzed, reflecting a strong liquidity position.
Despite some fluctuations in the current ratio, the overall trend indicates that Embecta Corp has been managing its short-term obligations effectively and has maintained a solid liquidity position. Investors and creditors often view a high current ratio positively, as it suggests that the company is financially stable and capable of meeting its short-term financial commitments.
Peer comparison
Sep 30, 2024