Perrigo Company PLC (PRGO)
Current ratio
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,707,800 | 2,959,100 | 2,806,400 | 2,832,900 | 2,765,300 | 2,773,000 | 2,740,700 | 2,719,900 | 2,583,300 | 2,651,500 | 3,935,500 | 3,859,900 | 4,225,900 | 4,420,200 | 4,488,600 | 3,133,500 | 3,398,300 | 3,803,500 | 3,046,200 | 2,730,600 |
| Total current liabilities | US$ in thousands | 1,450,500 | 1,488,100 | 1,554,500 | 1,586,300 | 1,008,400 | 1,056,900 | 1,086,800 | 1,113,600 | 1,015,000 | 1,014,600 | 981,300 | 1,587,900 | 2,003,800 | 1,984,500 | 1,446,800 | 1,382,000 | 1,336,300 | 1,859,700 | 1,635,000 | 1,335,800 |
| Current ratio | 2.56 | 1.99 | 1.81 | 1.79 | 2.74 | 2.62 | 2.52 | 2.44 | 2.55 | 2.61 | 4.01 | 2.43 | 2.11 | 2.23 | 3.10 | 2.27 | 2.54 | 2.05 | 1.86 | 2.04 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,707,800K ÷ $1,450,500K
= 2.56
The current ratio of Perrigo Company PLC has shown some fluctuations over the past few quarters. The ratio indicates the company's ability to cover its short-term liabilities with its current assets.
The current ratio has generally been at a healthy level above 1, indicating that the company has had sufficient current assets to cover its current liabilities. However, there have been some significant variations in the ratio, suggesting potential changes in the company's liquidity position.
In the most recent quarter, the current ratio of 2.56 reflects an improvement from the previous quarter, indicating that the company had more than twice the amount of current assets compared to its current liabilities. This could signify an improved liquidity position for the company.
On the other hand, there have been quarters where the current ratio was lower, such as in the fourth quarter of 2021 when the ratio was 1.79. This could suggest a tighter liquidity position during that period.
Overall, Perrigo Company PLC has generally maintained a current ratio above the industry average of 1, indicating a strong ability to meet its short-term obligations. However, it is important to monitor the trend of the current ratio over time to assess the company's liquidity position accurately.
Peer comparison
Sep 30, 2024