McKesson Corporation (MCK)
Current ratio
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 42,222,000 | 39,390,000 | 37,353,000 | 38,428,000 |
| Total current liabilities | US$ in thousands | 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 | 42,624,000 | 40,055,000 | 37,145,000 | 37,952,000 |
| Current ratio | 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 | 0.99 | 0.98 | 1.01 | 1.01 |
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 shown some fluctuations over the past few quarters. From March 2024 to March 2023, the current ratio has ranged between 0.92 and 0.94, indicating that the company may have had some challenges in meeting its short-term obligations with its current assets during this period.
However, looking at the trend over a longer timeframe, the current ratio has generally been above 0.95 since September 2022, reaching a peak of 1.03 in March 2021. This suggests that McKesson had a stronger ability to cover its short-term liabilities with its current assets during this period.
Overall, while there have been some fluctuations in the current ratio, McKesson Corporation has maintained a relatively stable liquidity position, with the ratio mostly staying above 0.95, indicating a healthy ability to meet its short-term obligations with its current assets.
Peer comparison
Mar 31, 2024