Hologic Inc (HOLX)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,823,300 | 4,184,500 | 3,862,000 | 3,168,700 | 2,222,300 |
| Total current liabilities | US$ in thousands | 1,037,200 | 1,207,300 | 937,700 | 1,326,800 | 1,239,300 |
| Current ratio | 3.69 | 3.47 | 4.12 | 2.39 | 1.79 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,823,300K ÷ $1,037,200K
= 3.69
Hologic Inc's current ratio has shown fluctuations over the past five years. The company's current ratio was 3.69 as of Sep 30, 2024, indicating that for every dollar of current liabilities, the company had $3.69 of current assets available to cover those obligations.
Compared to the previous year, the current ratio has improved from 3.47 in Sep 30, 2023. This increase suggests that the company's liquidity position strengthened during this period.
Looking further back, in Sep 30, 2022, Hologic Inc had a current ratio of 4.12, indicating a very strong liquidity position, with ample current assets to cover its current liabilities.
In the preceding years, the current ratio was 2.39 in Sep 30, 2021, and 1.79 in Sep 30, 2020, which signifies lower liquidity levels and less ability to meet short-term obligations.
Overall, the current ratio trend for Hologic Inc implies varying levels of liquidity over the past five years, with improvements in recent years. Despite the fluctuations, the company's current assets continue to exceed its current liabilities, indicating a healthy ability to meet short-term financial obligations.
Peer comparison
Sep 30, 2024