Walgreens Boots Alliance Inc (WBA)
Current ratio
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 18,335,000 | 16,337,000 | 16,561,000 | 17,345,000 | 15,503,000 | 16,542,000 | 17,689,000 | 19,523,000 | 16,902,000 | 18,872,000 | 16,824,000 | 20,314,000 | 15,814,000 | 26,607,000 | 26,084,000 | 21,084,000 | 18,073,000 | 18,326,000 | 18,909,000 | 19,604,000 |
| Total current liabilities | US$ in thousands | 26,953,000 | 25,034,000 | 24,915,000 | 26,116,000 | 24,535,000 | 26,170,000 | 28,228,000 | 28,036,000 | 22,583,000 | 24,067,000 | 22,699,000 | 24,447,000 | 22,054,000 | 34,475,000 | 31,246,000 | 30,379,000 | 27,070,000 | 26,649,000 | 28,662,000 | 29,494,000 |
| Current ratio | 0.68 | 0.65 | 0.66 | 0.66 | 0.63 | 0.63 | 0.63 | 0.70 | 0.75 | 0.78 | 0.74 | 0.83 | 0.72 | 0.77 | 0.83 | 0.69 | 0.67 | 0.69 | 0.66 | 0.66 |
August 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $18,335,000K ÷ $26,953,000K
= 0.68
The current ratio of Walgreens Boots Alliance Inc has fluctuated over the past several quarters, indicating variability in the company's short-term liquidity position. The current ratio measures a company's ability to cover its short-term liabilities with its current assets. A higher ratio is generally preferred as it suggests a stronger liquidity position.
Looking at the trend, the current ratio has ranged from 0.63 to 0.83 over the last two years. In recent quarters, the current ratio has been below 1, implying that the company may have struggled to meet its short-term obligations with its current assets alone. However, there was an improvement in the current ratio in the most recent quarter, standing at 0.68, compared to the previous quarter's 0.65.
It is crucial for investors and stakeholders to continue monitoring Walgreens Boots Alliance Inc's current ratio to assess changes in its liquidity position and to ensure that the company can meet its short-term financial obligations effectively.
Peer comparison
Aug 31, 2024