Bio-Techne Corp (TECH)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 617,419 | 621,482 | 605,556 | 510,606 | 520,920 |
| Total current liabilities | US$ in thousands | 159,379 | 128,509 | 176,018 | 152,284 | 106,668 |
| Current ratio | 3.87 | 4.84 | 3.44 | 3.35 | 4.88 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $617,419K ÷ $159,379K
= 3.87
The current ratio of Bio-Techne Corp has fluctuated over the past five years. In the most recent fiscal year ending June 30, 2024, the current ratio was 3.87, indicating that the company had $3.87 in current assets for every $1 in current liabilities. This ratio has decreased compared to the previous year, where it was 4.84.
The current ratio in 2024 is lower than that of 2023 and 2020, suggesting a potentially tighter liquidity position. However, it is still higher than the ratios in 2022 and 2021, indicating an improvement over those years. Overall, the current ratio fluctuated but generally remained above 1, which is a positive sign as it indicates that Bio-Techne Corp has sufficient current assets to cover its short-term liabilities.
Peer comparison
Jun 30, 2024