Organon & Co (OGN)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,348,000 | 4,508,000 | 3,931,000 | 3,760,000 | 3,434,000 |
| Total current liabilities | US$ in thousands | 2,718,000 | 2,918,000 | 2,512,000 | 2,597,000 | 1,201,000 |
| Current ratio | 1.60 | 1.54 | 1.56 | 1.45 | 2.86 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,348,000K ÷ $2,718,000K
= 1.60
The current ratio of Organon & Co has displayed a declining trend over the past five years, starting at a robust 2.86 in December 2020 and gradually decreasing to 1.45 by December 2021. Although there was a slight improvement to 1.56 in December 2022, the ratio dipped slightly to 1.54 in December 2023, before increasing to 1.60 by December 2024.
A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a strong ability to cover its short-term obligations. However, the decreasing trend observed in Organon & Co's current ratio may indicate a potential strain on the company's liquidity position over the years, emphasizing the importance of monitoring and managing its current assets and liabilities effectively to ensure financial stability and operational resilience in the future.
Peer comparison
Dec 31, 2024