Western Digital Corporation (WDC)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 8,060,000 | 7,886,000 | 9,453,000 | 9,757,000 | 9,048,000 |
| Total current liabilities | US$ in thousands | 6,087,000 | 5,434,000 | 5,237,000 | 4,870,000 | 4,406,000 |
| Current ratio | 1.32 | 1.45 | 1.81 | 2.00 | 2.05 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $8,060,000K ÷ $6,087,000K
= 1.32
The current ratio of Western Digital Corporation has shown a declining trend over the past five years, decreasing from 2.05 in June 2020 to 1.32 in June 2024. This indicates that the company's current assets may not be as sufficient to cover its current liabilities as they were in the previous years. A current ratio below 1 may raise concerns about the company's ability to meet its short-term financial obligations. It is important to monitor this ratio closely to ensure that the company maintains a healthy balance between its current assets and liabilities for financial stability.
Peer comparison
Jun 30, 2024