Analysis of Liquidity Ratios
Liquidity ratios measure the company ability to meet its short-term obligations.
Liquidity Ratios (Summary)
Accenture PLC, liquidity ratios
Based on: 10-K (reporting date: 2026-08-31), 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31).
The liquidity profile over the analyzed period is characterized by general stability, a significant temporary contraction in 2024, and a subsequent recovery to peak levels by 2026. All three liquidity metrics move in synchronization, indicating that the fluctuations are driven by systemic changes in the balance sheet rather than isolated asset class shifts.
- Current Ratio
- The current ratio remained steady between 1.23 and 1.30 from 2021 through 2023. A notable decline occurred in 2024, where the ratio dropped to 1.10, marking the lowest point in the period. However, a strong recovery followed, with the ratio rising to 1.42 in 2025 and reaching 1.43 by 2026, suggesting a strengthened ability to cover short-term obligations with current assets.
- Quick Ratio
- The quick ratio mirrored the trend of the current ratio, maintaining a range of 1.12 to 1.18 during the first three years. In 2024, the ratio fell below the critical threshold of 1.0, reaching 0.98, which indicates a temporary period where highly liquid assets were insufficient to cover current liabilities. This position was reversed in 2025 and 2026, with the ratio climbing to 1.30 and 1.31, respectively.
- Cash Ratio
- The cash ratio exhibited the most significant volatility of the three metrics. After fluctuating between 0.45 and 0.52 from 2021 to 2023, it experienced a sharp contraction to 0.26 in 2024. This represents a substantial reduction in the most liquid assets relative to current liabilities. A rapid rebound occurred thereafter, with the ratio increasing to 0.56 in 2025 and 0.58 in 2026.
Overall, the data indicates a coordinated dip in liquidity across all measures in 2024, followed by a robust expansion in 2025 and 2026. The fact that the current and quick ratios ended the period at their highest levels suggests an improved liquidity cushion and a conservative short-term financial position by the end of the observed timeframe.
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Current Ratio
Accenture PLC, current ratio calculation, comparison to benchmarks
| Aug 31, 2026 | Aug 31, 2025 | Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current assets | 31,831,140) | 28,900,689) | 20,857,781) | 23,381,931) | 21,610,871) | 19,666,511) | |
| Current liabilities | 22,304,374) | 20,352,097) | 18,976,127) | 18,009,038) | 17,523,496) | 15,708,867) | |
| Liquidity Ratio | |||||||
| Current ratio1 | 1.43 | 1.42 | 1.10 | 1.30 | 1.23 | 1.25 | |
| Benchmarks | |||||||
| Current Ratio, Competitors2 | |||||||
| Adobe Inc. | — | 1.00 | 1.07 | 1.34 | 1.11 | 1.25 | |
| AppLovin Corp. | — | 3.32 | 2.19 | 1.71 | 3.35 | 5.05 | |
| Cadence Design Systems Inc. | — | 2.86 | 2.93 | 1.24 | 1.27 | 1.77 | |
| Datadog Inc. | — | 3.38 | 2.64 | 3.17 | 3.09 | 3.54 | |
| International Business Machines Corp. | — | 0.96 | 1.04 | 0.96 | 0.92 | 0.88 | |
| Intuit Inc. | 1.51 | 1.36 | 1.29 | 1.47 | 1.39 | 1.94 | |
| Microsoft Corp. | 1.23 | 1.35 | 1.27 | 1.77 | 1.78 | 2.08 | |
| Oracle Corp. | 1.12 | 0.75 | 0.72 | 0.91 | 1.62 | 2.30 | |
| Palantir Technologies Inc. | — | 7.11 | 5.96 | 5.55 | 5.17 | 4.34 | |
| Palo Alto Networks Inc. | 0.87 | 0.94 | 0.89 | 0.78 | 0.77 | 0.91 | |
| Salesforce Inc. | 0.76 | 1.06 | 1.09 | 1.02 | 1.05 | 1.23 | |
| ServiceNow Inc. | — | 1.00 | 1.10 | 1.06 | 1.11 | 1.05 | |
| Synopsys Inc. | — | 1.62 | 2.44 | 1.15 | 1.09 | 1.16 | |
| Workday Inc. | 1.32 | 1.90 | 1.97 | 1.75 | 1.03 | 1.12 | |
| Current Ratio, Sector | |||||||
| Software & Services | — | 1.25 | 1.19 | 1.40 | 1.43 | 1.68 | |
| Current Ratio, Industry | |||||||
| Information Technology | — | 1.39 | 1.24 | 1.41 | 1.37 | 1.55 | |
Based on: 10-K (reporting date: 2026-08-31), 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31).
1 2026 Calculation
Current ratio = Current assets ÷ Current liabilities
= 31,831,140 ÷ 22,304,374 = 1.43
2 Click competitor name to see calculations.
The liquidity position of the organization exhibits a consistent ability to meet short-term obligations, maintaining a current ratio above 1.00 throughout the observed period from 2021 to 2026. While there is observable volatility in the mid-period, the overall trend indicates a strengthening of the liquidity cushion by the end of the analysis timeframe.
- Current Asset and Liability Trends
- Current assets demonstrate a general upward trajectory, growing from 19.67 billion US$ in 2021 to 31.83 billion US$ by 2026. A notable contraction occurred in 2024, where assets decreased to 20.86 billion US$, before rebounding sharply to 28.90 billion US$ in 2025. Conversely, current liabilities have followed a steady and linear increase, rising from 15.71 billion US$ in 2021 to 22.30 billion US$ in 2026, indicating a consistent expansion of short-term obligations.
- Current Ratio Analysis
- The current ratio remained relatively stable between 2021 and 2023, fluctuating between 1.23 and 1.30. A significant decline is observed in 2024, where the ratio dropped to its lowest point of 1.10, coinciding with the decrease in current assets and a simultaneous increase in liabilities. This compression of the liquidity margin was followed by a robust recovery in 2025 and 2026, with the ratio reaching 1.42 and 1.43, respectively.
- Liquidity Interpretation
- The expansion of the current ratio to 1.43 by August 31, 2026, suggests an improved margin of safety. The fact that the growth in current assets significantly outpaced the growth in current liabilities during the final two years of the period indicates a strategic increase in liquidity or an accumulation of short-term resources, enhancing the entity's capacity to cover its immediate financial commitments.
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Quick Ratio
Accenture PLC, quick ratio calculation, comparison to benchmarks
| Aug 31, 2026 | Aug 31, 2025 | Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Cash and cash equivalents | 12,831,471) | 11,478,729) | 5,004,469) | 9,045,032) | 7,889,833) | 8,168,174) | |
| Short-term investments | 6,298) | 5,945) | 5,396) | 4,575) | 3,973) | 4,294) | |
| Receivables | 14,215,660) | 13,065,433) | 11,873,442) | 10,690,713) | 10,484,211) | 8,796,992) | |
| Contract assets, current | 2,112,355) | 1,919,640) | 1,791,405) | 1,536,473) | 1,292,564) | 931,220) | |
| Total quick assets | 29,165,784) | 26,469,747) | 18,674,712) | 21,276,793) | 19,670,581) | 17,900,680) | |
| Current liabilities | 22,304,374) | 20,352,097) | 18,976,127) | 18,009,038) | 17,523,496) | 15,708,867) | |
| Liquidity Ratio | |||||||
| Quick ratio1 | 1.31 | 1.30 | 0.98 | 1.18 | 1.12 | 1.14 | |
| Benchmarks | |||||||
| Quick Ratio, Competitors2 | |||||||
| Adobe Inc. | — | 0.88 | 0.95 | 1.22 | 1.00 | 1.11 | |
| AppLovin Corp. | — | 3.23 | 2.04 | 1.54 | 3.08 | 4.82 | |
| Cadence Design Systems Inc. | — | 2.51 | 2.53 | 1.02 | 1.02 | 1.47 | |
| Datadog Inc. | — | 3.28 | 2.57 | 3.08 | 3.01 | 3.45 | |
| International Business Machines Corp. | — | 0.83 | 0.90 | 0.82 | 0.76 | 0.69 | |
| Intuit Inc. | 0.93 | 0.63 | 0.71 | 1.25 | 1.17 | 1.65 | |
| Microsoft Corp. | 0.93 | 1.16 | 1.06 | 1.54 | 1.57 | 1.90 | |
| Oracle Corp. | 1.01 | 0.61 | 0.59 | 0.74 | 1.43 | 2.15 | |
| Palantir Technologies Inc. | — | 6.99 | 5.83 | 5.41 | 4.92 | 4.11 | |
| Palo Alto Networks Inc. | 0.79 | 0.88 | 0.82 | 0.72 | 0.75 | 0.88 | |
| Salesforce Inc. | 0.64 | 0.93 | 0.96 | 0.90 | 0.93 | 1.11 | |
| ServiceNow Inc. | — | 0.91 | 1.02 | 1.00 | 1.06 | 1.01 | |
| Synopsys Inc. | — | 1.20 | 1.88 | 0.85 | 0.85 | 0.89 | |
| Workday Inc. | 1.22 | 1.80 | 1.87 | 1.66 | 0.96 | 1.07 | |
| Quick Ratio, Sector | |||||||
| Software & Services | — | 1.07 | 1.01 | 1.22 | 1.26 | 1.52 | |
| Quick Ratio, Industry | |||||||
| Information Technology | — | 1.09 | 0.96 | 1.12 | 1.09 | 1.30 | |
Based on: 10-K (reporting date: 2026-08-31), 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31).
1 2026 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 29,165,784 ÷ 22,304,374 = 1.31
2 Click competitor name to see calculations.
The liquidity position of the organization demonstrates a general trend of resilience, characterized by a capacity to meet short-term obligations using highly liquid assets. While the overall trajectory is positive, a notable fluctuation occurred during the 2024 fiscal year, followed by a period of significant strengthening.
- Quick Asset Evolution
- Total quick assets experienced steady growth from 2021 to 2023, rising from 17.9 billion to 21.2 billion US dollars. A temporary contraction was observed in 2024, where assets decreased to 18.6 billion US dollars. However, a substantial recovery followed, with assets increasing to 26.4 billion in 2025 and reaching 29.1 billion by 2026.
- Liability Growth Patterns
- Current liabilities exhibited a consistent upward trend throughout the entire analyzed period, increasing annually from 15.7 billion US dollars in 2021 to 22.3 billion US dollars by 2026. This linear growth indicates a steady increase in the company's short-term financial obligations.
- Quick Ratio Performance
- The quick ratio remained above the 1.0 threshold for most of the period, signaling a healthy liquidity buffer. A critical dip occurred in 2024, where the ratio fell to 0.98, indicating a brief interval where quick assets were insufficient to fully cover current liabilities. This position was corrected by 2025, as the ratio rose to 1.30 and reached 1.31 by 2026, reflecting an improved ability to satisfy immediate debts without relying on the sale of inventory.
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Cash Ratio
Accenture PLC, cash ratio calculation, comparison to benchmarks
| Aug 31, 2026 | Aug 31, 2025 | Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Cash and cash equivalents | 12,831,471) | 11,478,729) | 5,004,469) | 9,045,032) | 7,889,833) | 8,168,174) | |
| Short-term investments | 6,298) | 5,945) | 5,396) | 4,575) | 3,973) | 4,294) | |
| Total cash assets | 12,837,769) | 11,484,674) | 5,009,865) | 9,049,607) | 7,893,806) | 8,172,468) | |
| Current liabilities | 22,304,374) | 20,352,097) | 18,976,127) | 18,009,038) | 17,523,496) | 15,708,867) | |
| Liquidity Ratio | |||||||
| Cash ratio1 | 0.58 | 0.56 | 0.26 | 0.50 | 0.45 | 0.52 | |
| Benchmarks | |||||||
| Cash Ratio, Competitors2 | |||||||
| Adobe Inc. | — | 0.65 | 0.75 | 0.95 | 0.75 | 0.84 | |
| AppLovin Corp. | — | 1.86 | 0.70 | 0.53 | 1.87 | 4.02 | |
| Cadence Design Systems Inc. | — | 1.93 | 2.03 | 0.72 | 0.66 | 1.13 | |
| Datadog Inc. | — | 2.81 | 2.25 | 2.58 | 2.48 | 2.94 | |
| International Business Machines Corp. | — | 0.37 | 0.45 | 0.39 | 0.28 | 0.22 | |
| Intuit Inc. | 0.71 | 0.44 | 0.54 | 0.97 | 0.90 | 1.46 | |
| Microsoft Corp. | 0.46 | 0.67 | 0.60 | 1.07 | 1.10 | 1.47 | |
| Oracle Corp. | 0.76 | 0.34 | 0.34 | 0.44 | 1.12 | 1.93 | |
| Palantir Technologies Inc. | — | 6.11 | 5.25 | 4.93 | 4.48 | 3.83 | |
| Palo Alto Networks Inc. | 0.31 | 0.36 | 0.34 | 0.31 | 0.44 | 0.57 | |
| Salesforce Inc. | 0.26 | 0.50 | 0.53 | 0.48 | 0.48 | 0.67 | |
| ServiceNow Inc. | — | 0.60 | 0.69 | 0.66 | 0.71 | 0.67 | |
| Synopsys Inc. | — | 0.80 | 1.53 | 0.53 | 0.56 | 0.65 | |
| Workday Inc. | 0.85 | 1.45 | 1.55 | 1.32 | 0.72 | 0.83 | |
| Cash Ratio, Sector | |||||||
| Software & Services | — | 0.62 | 0.58 | 0.78 | 0.82 | 1.12 | |
| Cash Ratio, Industry | |||||||
| Information Technology | — | 0.64 | 0.57 | 0.71 | 0.67 | 0.89 | |
Based on: 10-K (reporting date: 2026-08-31), 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31).
1 2026 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 12,837,769 ÷ 22,304,374 = 0.58
2 Click competitor name to see calculations.
The financial data reveals a volatile liquidity trend characterized by a significant contraction in the 2024 fiscal year followed by a strong recovery in subsequent periods. While current liabilities have maintained a consistent upward trajectory, the cash ratio has fluctuated, reflecting changes in the available cash reserves relative to short-term obligations.
- Cash Ratio Volatility
- The cash ratio remained relatively stable between 0.45 and 0.52 from 2021 through 2023. However, a sharp decline occurred in 2024, where the ratio dropped to 0.26, marking the lowest liquidity point in the analyzed period. This was followed by a robust rebound, with the ratio increasing to 0.56 in 2025 and reaching a peak of 0.58 by 2026.
- Cash Asset Dynamics
- Total cash assets experienced a notable dip in 2024, falling to approximately 5.01 billion US dollars. This decrease was the primary driver behind the liquidity contraction. Subsequently, cash assets grew aggressively, exceeding 11.48 billion US dollars in 2025 and continuing to rise to 12.84 billion US dollars in 2026, indicating a strategic accumulation of liquid reserves.
- Current Liabilities Trend
- Current liabilities demonstrate a steady and uninterrupted increase over the six-year period. Obligations rose from 15.71 billion US dollars in 2021 to 22.30 billion US dollars in 2026. The continuous growth of these liabilities emphasizes the importance of the cash asset recovery observed in the later years to maintain an adequate liquidity buffer.
- Overall Liquidity Position
- The convergence of rising cash assets and rising liabilities by 2026 results in a strengthened cash ratio compared to the 2021 baseline. The recovery from the 2024 trough suggests an improved capacity to meet immediate financial obligations without relying on the sale of other current assets.
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