Omnicom Group Inc (OMC)
Current ratio
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 16,223,000 | 15,109,500 | 13,972,400 | 13,866,300 | 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 |
| Total current liabilities | US$ in thousands | 16,300,300 | 15,365,700 | 14,957,100 | 14,953,800 | 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 |
| Current ratio | 1.00 | 0.98 | 0.93 | 0.93 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $16,223,000K ÷ $16,300,300K
= 1.00
Omnicom Group Inc's current ratio has fluctuated over the past few years, ranging from a low of 0.92 to a high of 1.02. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A ratio below 1.0 may indicate potential liquidity issues, as the company may have difficulties covering its short-term debts.
Omnicom Group's current ratio has generally been below 1.0, which may raise concerns about its short-term liquidity position. However, it is essential to consider the industry norms and specific business dynamics when interpreting the current ratio. A sustained improvement or stabilization of the current ratio over time would be a positive signal for the company's financial strength and ability to meet its short-term obligations.
It is recommended that further analysis be conducted to assess the underlying reasons for the fluctuations in Omnicom Group's current ratio and to evaluate the company's overall financial health comprehensively.
Peer comparison
Dec 31, 2024