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.