Perrigo Company PLC (PRGO)

Current ratio

		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	Jun 30, 2020	Mar 31, 2020
Total current assets	US$ in thousands	2,481,900	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
Total current liabilities	US$ in thousands	1,044,200	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
Current ratio		2.38	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

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,481,900K ÷ $1,044,200K
= 2.38

The current ratio of Perrigo Company PLC has exhibited fluctuations over the analyzed periods. The ratio stood at 1.86 as of March 31, 2020, showing the company had $1.86 in current assets for every $1 of current liabilities. The ratio improved steadily, reaching a peak of 4.01 on March 31, 2022, indicating a healthier liquidity position with a substantial increase in current assets relative to current liabilities.

After this peak, the current ratio declined and fluctuated within a range, indicating potential changes in the company's liquidity position. Notably, the ratio fell to 1.79 on December 31, 2023, demonstrating a potential strain on the company's ability to meet its short-term obligations.

Overall, while the current ratio of Perrigo Company PLC has shown variability, it is important to monitor this ratio to ensure the company maintains an adequate level of liquidity to meet its short-term financial obligations.