Take-Two Interactive Software Inc (TTWO)
Current ratio
Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
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Total current assets | US$ in thousands | 2,259,700 | 2,218,500 | 2,536,800 | 2,255,000 | 2,508,100 | 2,606,700 | 3,251,100 | 3,036,000 | 3,871,100 | 3,705,010 | 4,243,460 | 4,013,610 | 4,220,520 | 4,159,960 | 3,932,100 | 3,686,930 | 3,493,350 | 3,435,040 | 3,388,330 | 2,821,080 |
Total current liabilities | US$ in thousands | 2,406,400 | 2,692,400 | 3,000,100 | 2,738,000 | 3,851,600 | 3,009,800 | 3,467,000 | 3,286,700 | 2,105,000 | 2,072,340 | 2,566,870 | 2,165,330 | 2,234,720 | 2,341,790 | 2,325,840 | 2,148,740 | 2,038,540 | 2,096,330 | 2,290,230 | 1,942,010 |
Current ratio | 0.94 | 0.82 | 0.85 | 0.82 | 0.65 | 0.87 | 0.94 | 0.92 | 1.84 | 1.79 | 1.65 | 1.85 | 1.89 | 1.78 | 1.69 | 1.72 | 1.71 | 1.64 | 1.48 | 1.45 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,259,700K ÷ $2,406,400K
= 0.94
The current ratio of Take-Two Interactive Software Inc has displayed fluctuations over the past several quarters. The current ratio measures a company's ability to cover its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally seen as a positive sign.
Looking at the trend in Take-Two's current ratio, we observe that it has varied between 0.65 and 1.84 over the past several quarters. In the most recent quarter, the current ratio was 0.94, indicating that the company's current assets were slightly lower than its current liabilities. This might suggest potential challenges in meeting short-term obligations.
It is important to note that a current ratio below 1 could be a cause for concern as it may indicate liquidity issues and the need to potentially borrow funds or restructure obligations to meet current liabilities. Therefore, monitoring Take-Two's current ratio trend is crucial to assess the company's liquidity position and ability to weather short-term financial obligations.
Peer comparison
Mar 31, 2024