Gen Digital Inc. (GEN)

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	Jul 5, 2019
Total current assets	US$ in thousands	1,358,000	1,720,000	1,076,000	1,087,000	1,233,000	1,376,000	1,622,000	1,629,000	2,260,000	2,157,000	1,950,000	1,786,000	1,538,000	1,848,000	1,792,000	1,950,000	3,079,000	13,571,000	9,760,000	2,561,000
Total current liabilities	US$ in thousands	2,648,000	2,563,000	2,460,000	2,748,000	2,849,000	2,878,000	2,825,000	2,624,000	3,065,000	2,883,000	2,814,000	2,221,000	2,136,000	1,821,000	1,748,000	2,548,000	2,622,000	4,713,000	5,056,000	3,608,000
Current ratio		0.51	0.67	0.44	0.40	0.43	0.48	0.57	0.62	0.74	0.75	0.69	0.80	0.72	1.01	1.03	0.77	1.17	2.88	1.93	0.71

March 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,358,000K ÷ $2,648,000K
= 0.51

The current ratio of Gen Digital Inc. has fluctuated over the past few quarters, reflecting varying levels of liquidity and short-term solvency.

In the most recent quarter ending March 31, 2024, the current ratio stands at 0.51, indicating that the company may have difficulty meeting its short-term obligations with its current assets. This suggests a potential liquidity risk for the company.

Looking back at the historical trend, there have been periods of stronger current ratios, showing an improvement in liquidity and short-term solvency. For example, in the fourth quarter of 2019, the current ratio was significantly higher at 2.88, indicating a healthier financial position with more than sufficient current assets to cover short-term liabilities.

Overall, the current ratio analysis suggests that Gen Digital Inc. has experienced fluctuations in its ability to cover short-term obligations with its current assets. It is important for the company to closely monitor and manage its liquidity position to ensure financial stability and meet its short-term obligations effectively.