McKesson Corporation (MCK)
Current ratio
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 55,398,000 | 51,741,000 | 53,341,000 | 52,252,000 | 47,970,000 | 47,640,000 | 47,531,000 | 45,539,000 | 44,292,000 | 44,657,000 | 46,448,000 | 45,383,000 | 46,231,000 | 46,498,000 | 45,580,000 | 43,350,000 | 45,382,000 | 42,368,000 | 42,345,000 | 38,682,000 |
| Total current liabilities | US$ in thousands | 61,604,000 | 58,562,000 | 58,771,000 | 56,434,000 | 52,357,000 | 51,661,000 | 51,147,000 | 48,422,000 | 47,957,000 | 48,006,000 | 48,357,000 | 47,201,000 | 48,466,000 | 47,452,000 | 46,075,000 | 43,835,000 | 44,103,000 | 41,930,000 | 42,724,000 | 38,600,000 |
| Current ratio | 0.90 | 0.88 | 0.91 | 0.93 | 0.92 | 0.92 | 0.93 | 0.94 | 0.92 | 0.93 | 0.96 | 0.96 | 0.95 | 0.98 | 0.99 | 0.99 | 1.03 | 1.01 | 0.99 | 1.00 |
March 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $55,398,000K ÷ $61,604,000K
= 0.90
Based on the provided data, McKesson Corporation's current ratio has fluctuated over the past few years. The current ratio, which measures the company's ability to cover its short-term obligations with its current assets, stood at 1.00 as of June 30, 2020.
Subsequently, the ratio decreased slightly to 0.99 as of September 30, 2020, before increasing to 1.01 by December 31, 2020. Over the next few quarters, the current ratio showed some variability, with values ranging from 0.99 to 1.03.
However, starting from June 30, 2021, the current ratio began to decline gradually. As of March 31, 2025, the current ratio stood at 0.90. This downward trend indicates that McKesson Corporation may be facing challenges in maintaining a sufficient level of current assets relative to its current liabilities.
It is important for stakeholders to monitor the current ratio closely, as a declining trend could signal potential liquidity issues or difficulties in meeting short-term obligations. Further investigation into the company's asset management and liquidity position may be warranted to better understand the underlying factors driving the changes in the current ratio.
Peer comparison
Mar 31, 2025