ResMed Inc (RMD)

Current ratio

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Total current assets	US$ in thousands	2,357,720	2,367,830	1,931,480	1,574,760	1,523,460
Total current liabilities	US$ in thousands	910,655	758,533	689,299	911,766	602,761
Current ratio		2.59	3.12	2.80	1.73	2.53

June 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,357,720K ÷ $910,655K
= 2.59

The current ratio of ResMed Inc has shown fluctuations over the past five years, ranging from 1.73 to 3.12. As of June 30, 2024, the current ratio stands at 2.59, indicating that the company's current assets are 2.59 times greater than its current liabilities. This suggests that ResMed Inc currently has a strong ability to cover its short-term obligations with its current assets. However, it is worth noting that the current ratio has decreased compared to the previous year, where it was at 3.12. This reduction may indicate a slight weakening in the company's short-term liquidity position compared to the previous period. Overall, while the current ratio remains at a healthy level, further monitoring of ResMed Inc's liquidity position may be necessary to ensure ongoing financial stability.