Perrigo Company PLC (PRGO)

Current ratio

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Total current assets	US$ in thousands	2,832,900	2,719,900	3,859,900	3,133,500	2,730,600
Total current liabilities	US$ in thousands	1,586,300	1,113,600	1,587,900	1,382,000	1,335,800
Current ratio		1.79	2.44	2.43	2.27	2.04

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,832,900K ÷ $1,586,300K
= 1.79

The current ratio of Perrigo Company plc has shown fluctuations over the past five years. In 2023, the current ratio stands at 1.79, a decrease from the previous year's ratio of 2.44. This implies the company may face difficulties in meeting its short-term obligations with its current assets. However, compared to 2019's ratio of 2.06, there has been an improvement in liquidity. Further analysis is required to understand the factors causing this fluctuation and to assess the company's overall liquidity position in more detail.