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
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