Universal Corporation (UVV)
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 | 2,102,540 | 2,013,630 | 2,047,710 | 2,054,790 | 1,802,890 | 1,951,890 | 1,991,390 | 1,935,140 | 1,748,010 | 1,745,310 | 1,657,920 | 1,604,460 | 1,555,360 | 1,604,800 | 1,594,650 | 1,462,660 | 1,479,620 | 1,578,890 | 1,649,560 | 1,602,060 |
| Total current liabilities | US$ in thousands | 711,358 | 624,874 | 701,145 | 717,872 | 441,987 | 598,227 | 798,447 | 742,012 | 518,724 | 547,785 | 399,409 | 353,168 | 293,157 | 346,346 | 408,164 | 265,600 | 267,399 | 270,627 | 352,444 | 290,942 |
| Current ratio | 2.96 | 3.22 | 2.92 | 2.86 | 4.08 | 3.26 | 2.49 | 2.61 | 3.37 | 3.19 | 4.15 | 4.54 | 5.31 | 4.63 | 3.91 | 5.51 | 5.53 | 5.83 | 4.68 | 5.51 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,102,540K ÷ $711,358K
= 2.96
The current ratio of Universal Corporation has shown fluctuation over the past 20 quarters, ranging from a low of 2.49 to a high of 5.83. The ratio indicates the company's ability to cover its short-term liabilities with its current assets.
The ratio has generally been above 3, which suggests that Universal Corporation has a strong ability to meet its short-term obligations. The highest current ratio of 5.83 was recorded in the third quarter of 2019, indicating a significant liquidity cushion at that time.
However, it is important to note that the current ratio has experienced variability, which could indicate fluctuations in the company's liquidity position. For example, the ratio dropped to 2.49 in the fourth quarter of 2022, which may have raised concerns about the company's short-term liquidity.
Overall, while the current ratio of Universal Corporation has generally been healthy, investors and analysts should closely monitor any significant changes in the ratio to assess the company's liquidity position and financial health.
Peer comparison
Mar 31, 2024