Hologic Inc (HOLX)
Current ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,184,500 | 3,862,000 | 3,168,700 | 2,222,300 | 1,793,100 |
| Total current liabilities | US$ in thousands | 1,207,300 | 937,700 | 1,326,800 | 1,239,300 | 1,070,100 |
| Current ratio | 3.47 | 4.12 | 2.39 | 1.79 | 1.68 |
September 30, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,184,500K ÷ $1,207,300K
= 3.47
The current ratio of Hologic, Inc. has shown variations over the past five years. As of September 30, 2023, the current ratio stands at 3.47, which indicates a significant improvement from the previous year's ratio of 4.12. This suggests that the company's short-term liquidity position has weakened as its current assets may not be sufficient to cover its current liabilities as effectively as in the prior year.
Comparing the current ratio to the ratios in 2021 and 2020, there has been a noticeable improvement in the company's liquidity position. This indicates that Hologic has strengthened its ability to meet its short-term obligations.
However, when compared to the ratio in 2019, the current ratio has shown a substantial enhancement, reflecting the company's improved liquidity position. This suggests that Hologic has become more efficient in managing its short-term obligations and has strengthened its financial flexibility.
Overall, the current ratio of Hologic, Inc. has experienced fluctuations in recent years, with the latest ratio indicating a relative decrease in short-term liquidity compared to the prior year. Nonetheless, when assessed over a longer timeframe, the company has demonstrated an improvement in its ability to cover short-term liabilities with current assets.
Peer comparison
Sep 30, 2023