Premier Inc (PINC)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 748,016 | 674,699 | 990,257 | 1,002,370 | 641,626 | 651,128 | 673,965 | 738,963 | 645,566 | 756,000 | 728,113 | 832,725 | 782,296 | 889,192 | 786,338 | 718,053 | 618,362 | 752,371 | 574,812 | 576,684 |
| Total current liabilities | US$ in thousands | 746,563 | 725,679 | 693,695 | 770,526 | 815,463 | 900,332 | 934,028 | 838,001 | 753,137 | 863,175 | 723,010 | 757,041 | 716,784 | 852,845 | 704,872 | 668,064 | 496,074 | 686,183 | 450,242 | 410,631 |
| Current ratio | 1.00 | 0.93 | 1.43 | 1.30 | 0.79 | 0.72 | 0.72 | 0.88 | 0.86 | 0.88 | 1.01 | 1.10 | 1.09 | 1.04 | 1.12 | 1.07 | 1.25 | 1.10 | 1.28 | 1.40 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $748,016K ÷ $746,563K
= 1.00
Premier Inc's current ratio has fluctuated over the past few quarters, indicating varying levels of liquidity and solvency. The current ratio represents the company's ability to meet its short-term obligations with its current assets.
In the most recent quarter, the current ratio stands at 1.00, suggesting that Premier Inc has just enough current assets to cover its current liabilities. This may raise some concerns regarding the company's short-term financial health and ability to meet its immediate obligations.
Looking at the historical trend, the current ratio has been relatively volatile, ranging from as low as 0.72 to as high as 1.43 over the past few quarters. A ratio below 1.00, as seen in some past quarters, indicates that Premier Inc may have had difficulty meeting its short-term obligations with its current assets.
Overall, Premier Inc's current ratio shows a mixed picture of liquidity and solvency, with the company experiencing fluctuations in its ability to cover its short-term liabilities. It would be important for the company to carefully manage its current assets and liabilities to ensure a more stable financial position in the future.
Peer comparison
Jun 30, 2024