Oracle Corporation (ORCL)
Current ratio
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 22,554,000 | 21,063,000 | 19,289,000 | 22,166,000 | 21,004,000 | 18,696,000 | 17,561,000 | 21,004,000 | 31,633,000 | 31,675,000 | 31,078,000 | 47,117,000 | 55,567,000 | 43,744,000 | 46,251,000 | 49,939,000 | 52,140,000 | 33,442,000 | 34,540,000 | 42,384,000 |
| Total current liabilities | US$ in thousands | 31,544,000 | 24,885,000 | 24,407,000 | 25,357,000 | 23,090,000 | 22,880,000 | 27,106,000 | 34,819,000 | 19,511,000 | 20,833,000 | 18,881,000 | 23,071,000 | 24,164,000 | 20,250,000 | 21,347,000 | 18,748,000 | 17,200,000 | 15,740,000 | 14,592,000 | 18,875,000 |
| Current ratio | 0.72 | 0.85 | 0.79 | 0.87 | 0.91 | 0.82 | 0.65 | 0.60 | 1.62 | 1.52 | 1.65 | 2.04 | 2.30 | 2.16 | 2.17 | 2.66 | 3.03 | 2.12 | 2.37 | 2.25 |
May 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $22,554,000K ÷ $31,544,000K
= 0.72
The current ratio of Oracle Corporation has shown fluctuations over the past few years, indicating changes in its liquidity position. The current ratio was below 1 in several periods, such as August 2022 (0.60) and November 2022 (0.65), suggesting potential difficulties in meeting short-term obligations with current assets alone during those times.
However, the current ratio improved noticeably in more recent periods, notably in August 2023 (0.87) and February 2024 (0.85), indicating a stronger ability to cover short-term liabilities with current assets. The ratio peaked in February 2022 (1.52) and May 2022 (1.62), demonstrating robust liquidity levels during those periods.
Overall, Oracle Corporation has demonstrated a varying current ratio, with fluctuations that may reflect changes in its working capital management and cash flow dynamics. Monitoring this ratio over time can provide insights into the company's liquidity position and ability to meet short-term financial obligations.
Peer comparison
May 31, 2024