Phibro Animal Health Corporation (PAHC)

Current ratio

Jun 30, 2025 Mar 31, 2025 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
Total current assets US$ in thousands 810,606 776,018 746,153 570,767 600,997 597,180 586,586 584,424 585,723 585,483 581,689 570,080 566,232 546,477 508,610 498,630 498,909 471,718 477,167 464,282
Total current liabilities US$ in thousands 293,473 266,481 233,250 176,894 204,148 189,072 187,735 172,355 176,000 165,308 167,569 172,499 190,832 187,102 166,628 152,586 164,116 168,891 166,903 160,952
Current ratio 2.76 2.91 3.20 3.23 2.94 3.16 3.12 3.39 3.33 3.54 3.47 3.30 2.97 2.92 3.05 3.27 3.04 2.79 2.86 2.88

June 30, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $810,606K ÷ $293,473K
= 2.76

The current ratio of Phibro Animal Health Corporation has exhibited a generally stable and healthy trend over the analyzed period. Starting at 2.88 as of September 30, 2020, the ratio experienced modest fluctuations, with a slight decrease to 2.79 by March 31, 2021. Subsequently, there was an upward trajectory, peaking at 3.54 on March 31, 2023, indicating improved short-term liquidity and an enhanced ability to meet its current liabilities with current assets.

Throughout the period, the current ratio remained well above the 1.0 threshold, reflecting a consistent buffer of current assets over current liabilities, which is indicative of prudent liquidity management. There was a minor decline from the peak of 3.54 in March 2023 to 3.12 in December 2023, followed by fluctuations around the 3.0 mark in subsequent quarters. As of June 30, 2025, the ratio stood at 2.76, reflecting a slight decrease but still within a healthy range, suggesting the company's current assets continue to comfortably cover its current liabilities.

Overall, the data indicates that Phibro Animal Health Corporation maintains a strong liquidity position, with a current ratio consistently above 2. suggesting that the company retains a solid short-term financial health and an adequate margin to meet its immediate obligations. The fluctuations observed are within a relatively narrow band, demonstrating stability in liquidity management over the analyzed timeframe.