Stride Inc (LRN)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,245,450 | 1,065,200 | 950,534 | 857,530 | 501,271 |
| Total current liabilities | US$ in thousands | 244,280 | 309,135 | 302,073 | 306,244 | 273,416 |
| Current ratio | 5.10 | 3.45 | 3.15 | 2.80 | 1.83 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,245,450K ÷ $244,280K
= 5.10
The current ratio of Stride Inc has demonstrated a consistent improvement over the past five years, reflecting the company's ability to meet its short-term obligations with its current assets. The current ratio increased from 1.83 in 2020 to 5.10 in 2024, indicating a significant strengthening of the company's liquidity position. This trend suggests that Stride Inc has been able to increase its current assets relative to its current liabilities, which is a positive sign of financial health. A current ratio above 1 indicates that the company has more current assets than current liabilities, and a higher current ratio generally signifies a stronger ability to cover short-term obligations. In Stride Inc's case, the current ratio has surpassed industry averages and shows a positive financial management strategy in place.
Peer comparison
Jun 30, 2024