STERIS plc (STE)

Current ratio

Mar 31, 2025 Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021
Total current assets US$ in thousands 2,000,760 2,869,120 2,011,440 1,879,000 1,211,750
Total current liabilities US$ in thousands 1,022,170 931,127 861,844 922,222 577,920
Current ratio 1.96 3.08 2.33 2.04 2.10

March 31, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $2,000,760K ÷ $1,022,170K
= 1.96

The current ratio for STERIS plc has shown a generally positive trend over the past years, reflecting the company's ability to meet its short-term obligations with its current assets. The ratio increased from 2.10 in March 2021 to 2.04 in March 2022, indicating a temporary dip in liquidity. However, the ratio improved significantly to 2.33 in March 2023 and further to 3.08 in March 2024, showing a strong liquidity position. It is important to note that the current ratio for March 31, 2025 is not available in the provided data.

Overall, the increasing trend in the current ratio suggests that STERIS plc has been effectively managing its current assets and liabilities to ensure liquidity and meet its short-term financial obligations. Investors and creditors may view the improving current ratio positively as it indicates a strengthened financial position in the short term.