Eli Lilly and Company (LLY)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	25,727,000	18,034,500	18,452,400	17,462,100	13,709,600
Total current liabilities	US$ in thousands	27,293,200	17,138,200	15,052,700	12,481,600	11,775,200
Current ratio		0.94	1.05	1.23	1.40	1.16

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $25,727,000K ÷ $27,293,200K
= 0.94

The current ratio of Lilly(Eli) & Co has exhibited a declining trend over the past five years, starting at 1.16 in 2019 and reaching 0.94 in 2023. This indicates that the company's current assets may not be sufficient to cover its current liabilities as effectively as in previous years. A current ratio below 1 suggests that the company may have difficulty meeting its short-term obligations with its current assets alone. It is important for investors and creditors to monitor this ratio closely as a decreasing trend may signal potential liquidity challenges for the company. Additional analysis of the components of current assets and current liabilities is recommended to gain a deeper understanding of the factors driving this trend in Lilly(Eli) & Co's current ratio.