Liveramp Holdings Inc (RAMP)

Current ratio

		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	Sep 30, 2019	Jun 30, 2019
Total current assets	US$ in thousands	602,032	769,662	727,846	706,046	714,559	696,194	704,796	724,854	815,834	821,780	774,594	771,459	825,715	858,653	832,006	825,272	896,393	933,072	947,139	1,138,210
Total current liabilities	US$ in thousands	216,576	208,752	186,697	172,377	174,829	175,777	150,198	143,045	184,566	184,036	136,249	130,183	165,249	157,332	141,167	125,884	161,382	149,075	123,423	121,110
Current ratio		2.78	3.69	3.90	4.10	4.09	3.96	4.69	5.07	4.42	4.47	5.69	5.93	5.00	5.46	5.89	6.56	5.55	6.26	7.67	9.40

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 fluctuated over the past few quarters, ranging from a low of 2.78 to a high of 9.40. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a stronger liquidity position as the company has more current assets relative to its current liabilities.

In the recent quarters, the current ratio has generally been above 4, suggesting that Liveramp Holdings Inc has a comfortable buffer to meet its short-term obligations. However, it is essential to note the declining trend in the current ratio from a peak of 9.40 in June 2019 to 2.78 in March 2024. This downward trend could indicate potential challenges in managing short-term obligations with current assets.

Investors and analysts should closely monitor Liveramp Holdings Inc's current ratio to assess its liquidity and short-term financial health. While a high current ratio is generally favorable, a significant decrease over time may raise concerns about the company's ability to meet its short-term obligations.