Omnicom Group Inc (OMC)
Current ratio
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 15,384,200 | 12,564,700 | 12,812,400 | 12,895,200 | 14,613,000 | 12,030,100 | 12,496,400 | 13,397,500 | 15,909,500 | 13,763,000 | 13,658,000 | 13,732,100 | 15,590,100 | 11,862,400 | 10,893,100 | 11,850,100 | 14,584,700 | 11,600,900 | 12,802,800 | 13,072,200 |
| Total current liabilities | US$ in thousands | 16,246,000 | 13,019,000 | 13,301,200 | 13,465,100 | 15,052,800 | 12,705,400 | 13,213,700 | 14,177,200 | 16,226,200 | 13,825,200 | 13,701,600 | 13,471,900 | 15,525,100 | 12,163,800 | 11,330,900 | 12,857,000 | 15,980,900 | 13,259,800 | 15,068,100 | 14,913,100 |
| Current ratio | 0.95 | 0.97 | 0.96 | 0.96 | 0.97 | 0.95 | 0.95 | 0.95 | 0.98 | 1.00 | 1.00 | 1.02 | 1.00 | 0.98 | 0.96 | 0.92 | 0.91 | 0.87 | 0.85 | 0.88 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $15,384,200K ÷ $16,246,000K
= 0.95
Omnicom Group, Inc.'s current ratio has remained relatively stable over the past eight quarters, fluctuating within a narrow range between 0.95 and 0.97. The current ratio measures the company's ability to meet its short-term financial obligations with its current assets. A current ratio of less than 1 typically indicates that a company may have difficulty covering its short-term liabilities with its current assets.
With Omnicom Group, Inc.'s current ratio consistently below 1, it suggests that the company may have a potential liquidity risk in the short term. While a current ratio slightly below 1 may not necessarily indicate an immediate financial distress, it is important for investors and creditors to closely monitor the company's ability to generate sufficient cash flow or liquidate current assets to meet its short-term obligations.
Further analysis of Omnicom Group, Inc.'s cash flow, working capital management, and overall liquidity position would provide a more comprehensive understanding of the company's ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023