Rockwell Automation Inc (ROK)
Current ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,910,800 | 3,610,700 | 3,063,400 | 2,685,800 | 2,985,700 |
| Total current liabilities | US$ in thousands | 3,365,300 | 3,572,200 | 2,992,200 | 1,810,800 | 1,936,800 |
| Current ratio | 1.46 | 1.01 | 1.02 | 1.48 | 1.54 |
September 30, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,910,800K ÷ $3,365,300K
= 1.46
The current ratio of Rockwell Automation Inc has fluctuated over the past five years. In 2023, the current ratio stood at 1.46, indicating an improvement from the previous year. This means that the company had $1.46 in current assets for every $1 in current liabilities, reflecting improved liquidity compared to the prior year. The surge in the current ratio suggests the company's capability to meet its short-term obligations and indicates a strengthening financial position in 2023. However, it is crucial to delve deeper and consider other liquidity and solvency metrics to gain a comprehensive understanding of the company's financial health.
Peer comparison
Sep 30, 2023