PTC Inc (PTC)

Current ratio

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Total current assets	US$ in thousands	1,298,700	1,277,370	1,068,660	1,073,010	833,447
Total current liabilities	US$ in thousands	1,667,190	1,671,180	792,258	779,282	680,760
Current ratio		0.78	0.76	1.35	1.38	1.22

September 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,298,700K ÷ $1,667,190K
= 0.78

The current ratio of PTC Inc has fluctuated over the past five years, indicating variations in the company's short-term liquidity position.

As of September 30, 2024, the current ratio stands at 0.78, reflecting a decrease from the previous year's ratio of 0.76. This implies that the company may have had difficulty meeting its short-term obligations using its current assets.

In the prior two years (2022 and 2023), the current ratio was relatively higher at 1.35 and 1.38 respectively, suggesting a more favorable liquidity position. This indicates that PTC Inc had sufficient current assets to cover its short-term liabilities during those periods.

Looking back to September 30, 2020, the current ratio was 1.22, slightly lower than the ratios in 2022 and 2023 but higher than the current ratios in 2023 and 2024. This suggests that the company's liquidity position has shown some volatility over the years.

Overall, the downward trend in the current ratio from 2023 to 2024 may raise concerns about PTC Inc's short-term liquidity management. Further analysis of the company's current assets and liabilities composition is recommended to better understand the factors contributing to these fluctuations in the current ratio.