Kyndryl Holdings Inc (KD)

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	Dec 31, 2021	Sep 30, 2021
Total current assets	US$ in thousands	4,747,000	4,851,000	4,593,000	4,653,000	4,963,000	4,967,000	4,964,000	5,404,000	5,777,000	3,856,000
Total current liabilities	US$ in thousands	4,589,000	5,152,000	4,485,000	4,591,000	4,868,000	4,607,000	4,579,000	4,609,000	4,457,000	3,632,000
Current ratio		1.03	0.94	1.02	1.01	1.02	1.08	1.08	1.17	1.30	1.06

March 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $4,747,000K ÷ $4,589,000K
= 1.03

The current ratio of Kyndryl Holdings Inc has exhibited fluctuations over the past quarterly periods, reflecting the company's short-term liquidity position. The current ratio indicates the company's ability to meet its short-term liabilities with its current assets.

As of March 31, 2024, the current ratio stands at 1.03, indicating that the company has just enough current assets to cover its current liabilities. The current ratio has declined compared to the previous quarter, where it was 0.94 on December 31, 2023. This decline might raise concerns about the company's ability to meet its short-term obligations.

Examining the trend over the past few quarters, it is evident that the current ratio has been somewhat volatile, ranging from 0.94 to 1.30. A ratio above 1 signifies that the company has more current assets than current liabilities, which is generally considered a healthy sign. However, a decreasing trend in the current ratio may indicate that the company is facing challenges in managing its short-term liquidity, potentially requiring closer monitoring.

Overall, while the current ratio of Kyndryl Holdings Inc has fluctuated in recent quarters, it is crucial for stakeholders to assess the company's operational efficiency and working capital management to ensure it maintains a healthy liquidity position in the future.