Rockwell Automation Inc (ROK)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,881,200 | 4,910,800 | 3,610,700 | 3,063,400 | 2,685,800 |
| Total current liabilities | US$ in thousands | 3,603,900 | 3,365,300 | 3,572,200 | 2,992,200 | 1,810,800 |
| Current ratio | 1.08 | 1.46 | 1.01 | 1.02 | 1.48 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,881,200K ÷ $3,603,900K
= 1.08
The current ratio of Rockwell Automation Inc has shown fluctuation over the past five years. In the most recent fiscal year ending September 30, 2024, the current ratio was 1.08, indicating that the company's current assets were just sufficient to cover its current liabilities. This represents a decrease from the previous year's current ratio of 1.46.
Looking back further, the current ratio in fiscal year 2022 was 1.01, which was slightly lower than in fiscal year 2021 (1.02) but significantly lower than in fiscal year 2020 (1.48). This fluctuation suggests changes in the company's liquidity position over the years.
A current ratio below 1 would typically signal that a company may have difficulty meeting its short-term obligations with its current assets. However, it is important to consider industry benchmarks and the company's specific circumstances before drawing conclusions about its liquidity position solely based on the current ratio.
Overall, the decreasing trend in Rockwell Automation Inc's current ratio over the past few years may indicate potential liquidity challenges that the company needs to address to ensure it can meet its short-term obligations effectively.
Peer comparison
Sep 30, 2024