Walgreens Boots Alliance Inc (WBA)
Current ratio
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 18,700,000 | 19,021,000 |
| Total current liabilities | US$ in thousands | 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 | 25,769,000 | 25,060,000 |
| Current ratio | 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 | 0.73 | 0.76 |
February 29, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $16,561,000K ÷ $24,915,000K
= 0.66
The current ratio of Walgreens Boots Alliance Inc has shown some fluctuation over the past several quarters, ranging from 0.63 to 0.83. A current ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its current assets alone.
The ratio peaked at 0.83 in February 2021, suggesting a stronger ability to cover its short-term liabilities with its current assets. However, this was followed by a decline, reaching its lowest point of 0.63 in August 2023 and February 2024, indicating a potentially weaker liquidity position during those periods.
Overall, the trend in the current ratio for Walgreens Boots Alliance Inc appears to be somewhat inconsistent, potentially indicating fluctuations in the company's ability to manage its short-term obligations with its current assets. It would be important to further explore the company's financial statements and business operations to understand the underlying reasons for these variations in the current ratio.
Peer comparison
Feb 29, 2024