OSI Systems Inc (OSIS)

Current ratio

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Total current assets	US$ in thousands	1,215,520	839,903	746,144	709,404	617,709
Total current liabilities	US$ in thousands	814,637	571,694	613,954	344,767	330,101
Current ratio		1.49	1.47	1.22	2.06	1.87

June 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,215,520K ÷ $814,637K
= 1.49

The current ratio of OSI Systems Inc has fluctuated over the past five years.

In 2024, the current ratio stands at 1.49, indicating that the company's current assets are 1.49 times its current liabilities. This suggests that OSI Systems Inc is able to cover its short-term obligations comfortably with its current assets.

Comparing this to the previous year, the current ratio in 2023 was slightly lower at 1.47, which still demonstrates a healthy liquidity position for the company.

However, there was a notable decrease in the current ratio in 2022 to 1.22, signaling a potential liquidity strain. This may indicate that OSI Systems Inc faced challenges in meeting its short-term obligations with its current assets during that period.

On the other hand, in 2021, the current ratio was 2.06, reflecting a robust ability to cover current liabilities with current assets. This signals a strong liquidity position for the company during that year.

Looking back at 2020, the current ratio was 1.87, portraying a healthy liquidity position similar to the current year.

Overall, while the current ratio of OSI Systems Inc has shown some fluctuations in recent years, it generally indicates that the company has maintained a reasonable ability to meet its short-term obligations with its current assets.