O’Reilly Automotive Inc (ORLY)

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	5,558,300	5,377,710	5,311,270	5,187,990	5,048,260	4,760,760	4,799,870	4,523,380	4,504,260	4,562,210	4,738,350	4,687,640	4,499,790	5,533,440	4,784,480	4,201,800	3,833,660	3,724,490	3,700,570	3,649,650
Total current liabilities	US$ in thousands	7,661,350	7,831,080	7,693,700	7,356,310	7,063,820	6,841,480	6,413,190	6,170,870	5,874,620	5,989,750	5,771,610	5,903,080	5,262,420	5,669,380	5,022,140	4,624,930	4,469,430	4,580,850	4,360,390	4,326,330
Current ratio		0.73	0.69	0.69	0.71	0.71	0.70	0.75	0.73	0.77	0.76	0.82	0.79	0.86	0.98	0.95	0.91	0.86	0.81	0.85	0.84

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $5,558,300K ÷ $7,661,350K
= 0.73

The current ratio of O`Reilly Automotive, Inc. has been fluctuating over the past eight quarters, ranging from 0.69 to 0.75. The current ratio measures the company's ability to meet its short-term liabilities with its current assets. A higher current ratio is typically considered more favorable as it indicates the company has more current assets relative to its current liabilities.

In the most recent quarter, the current ratio was 0.73, which means that the company had $0.73 in current assets for every $1 in current liabilities. While the ratio has shown some variability, it has generally remained within a relatively narrow range. This suggests that O`Reilly Automotive has been able to effectively manage its short-term obligations with its current asset base. However, a current ratio below 1.0 may indicate potential liquidity issues, and investors and creditors may need to further assess the company's ability to meet its short-term financial obligations.