McKesson Corporation (MCK)
Current ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 47,970,000 | 44,292,000 | 46,231,000 | 45,382,000 | 42,222,000 |
| Total current liabilities | US$ in thousands | 52,357,000 | 47,957,000 | 48,466,000 | 44,103,000 | 42,624,000 |
| Current ratio | 0.92 | 0.92 | 0.95 | 1.03 | 0.99 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $47,970,000K ÷ $52,357,000K
= 0.92
The current ratio of McKesson Corporation has been relatively stable over the past five years, ranging from 0.92 to 1.03. A current ratio below 1 suggests that the company may have difficulty meeting its short-term obligations with its current assets alone. It is notable that the current ratio has been below 1 for the last two years, indicating a potential weakness in McKesson's liquidity position. Further analysis of the company's liquidity management and working capital practices may be necessary to address this concern and ensure the company's ability to meet its short-term financial obligations.
Peer comparison
Mar 31, 2024