Liveramp Holdings Inc (RAMP)

Current ratio

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Total current assets	US$ in thousands	602,032	714,559	815,834	825,715	896,393
Total current liabilities	US$ in thousands	216,576	174,829	184,566	165,249	161,382
Current ratio		2.78	4.09	4.42	5.00	5.55

March 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $602,032K ÷ $216,576K
= 2.78

The current ratio of Liveramp Holdings Inc has been gradually decreasing over the past five years. As of March 31, 2024, the current ratio stands at 2.78, which indicates a slight deterioration in the company's short-term liquidity position compared to the previous year. A current ratio above 1 generally signifies that the company has more current assets available to cover its current liabilities. However, the downward trend observed in Liveramp's current ratio may raise concerns about its ability to meet its short-term obligations efficiently. Further investigation into the factors contributing to this decline in the current ratio is warranted to assess the company's liquidity management and financial health accurately.