Stride Inc (LRN)

Current ratio

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Total current assets	US$ in thousands	1,245,450	1,209,080	1,088,870	1,080,280	1,065,200	1,006,810	928,815	931,137	950,534	871,579	816,131	857,579	857,530	830,205	768,477	805,491	501,271	486,698	513,694	498,310
Total current liabilities	US$ in thousands	244,280	281,961	240,902	299,136	309,135	284,247	249,258	289,245	302,073	250,179	238,198	284,634	306,244	254,802	228,611	235,994	273,416	257,619	133,670	139,702
Current ratio		5.10	4.29	4.52	3.61	3.45	3.54	3.73	3.22	3.15	3.48	3.43	3.01	2.80	3.26	3.36	3.41	1.83	1.89	3.84	3.57

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 shown fluctuations over the given periods, ranging from a low of 1.83 to a high of 5.10. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. A higher current ratio indicates a stronger liquidity position, as the company has more current assets to cover its current liabilities.

In the most recent period, as of June 30, 2024, Stride Inc had a current ratio of 5.10, indicating a significant improvement in liquidity compared to previous periods. This suggests that the company currently has more than enough current assets to cover its short-term obligations. A consistently high current ratio is generally viewed positively by investors and creditors as it indicates a strong ability to meet short-term financial obligations.

However, it is also important to look at the trend of the current ratio over time to assess the company's liquidity management. The fluctuations observed in the current ratio of Stride Inc over the past few quarters may indicate changes in the company's working capital management or financial strategy. Investors and analysts should closely monitor these fluctuations to understand the underlying reasons and assess the implications for the company's financial health and stability.