Current Ratio
since 2005
Calculation
AmerisourceBergen Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Sep 30, 2022 | 0.91 | = | 39,589,758) | ÷ | 43,477,955) |
| Sep 30, 2021 | 0.94 | = | 38,802,609) | ÷ | 41,358,641) |
| Sep 30, 2020 | 0.98 | = | 33,055,702) | ÷ | 33,853,077) |
| Sep 30, 2019 | 0.95 | = | 28,132,054) | ÷ | 29,581,294) |
| Sep 30, 2018 | 0.93 | = | 25,894,372) | ÷ | 27,869,687) |
| Sep 30, 2017 | 0.91 | = | 24,303,299) | ÷ | 26,818,165) |
| Sep 30, 2016 | 0.90 | = | 22,851,847) | ÷ | 25,281,308) |
| Sep 30, 2015 | 0.90 | = | 20,334,488) | ÷ | 22,700,765) |
| Sep 30, 2014 | 0.97 | = | 16,800,205) | ÷ | 17,250,160) |
| Sep 30, 2013 | 0.97 | = | 14,393,651) | ÷ | 14,870,635) |
| Sep 30, 2012 | 0.98 | = | 10,987,151) | ÷ | 11,214,482) |
| Sep 30, 2011 | 1.03 | = | 11,217,623) | ÷ | 10,855,120) |
| Sep 30, 2010 | 1.08 | = | 10,748,350) | ÷ | 9,906,344) |
| Sep 30, 2009 | 1.05 | = | 9,953,753) | ÷ | 9,479,610) |
| Sep 30, 2008 | 1.06 | = | 8,669,761) | ÷ | 8,167,589) |
| Sep 30, 2007 | 1.11 | = | 8,714,300) | ÷ | 7,857,036) |
| Sep 30, 2006 | 1.23 | = | 9,210,407) | ÷ | 7,459,188) |
| Sep 30, 2005 | 1.32 | = | 7,987,692) | ÷ | 6,052,096) |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
1 US$ in thousands
Between 2005 and 2022, a significant expansion in the scale of short-term financial resources and obligations occurred. While both current assets and current liabilities grew substantially over the seventeen-year period, the growth in liabilities outpaced the growth in assets, leading to a long-term compression of the liquidity position.
- Current Asset Trends
- Current assets increased from 7.99 billion US dollars in 2005 to 39.59 billion US dollars in 2022. Growth was gradual between 2005 and 2012, followed by a period of accelerated expansion starting in 2013. A notable surge occurred between 2019 and 2021, where assets rose from 28.13 billion to 38.80 billion US dollars.
- Current Liability Trends
- Current liabilities rose from 6.05 billion US dollars in 2005 to 43.48 billion US dollars in 2022. This represents a more aggressive growth trajectory than that of current assets. Specifically, liabilities grew by approximately 618% over the period, while assets grew by approximately 396%.
- Current Ratio Analysis
- The current ratio exhibited a clear downward trend in the early years, falling from 1.32 in 2005 to 1.06 in 2008. Starting in 2012, the ratio dropped below the 1.00 threshold and remained there for the remainder of the period. The ratio reached its lowest points of 0.90 in 2015 and 2016. Although a slight recovery toward 0.98 was observed between 2018 and 2020, the ratio returned to 0.91 by 2022, indicating a persistent state where current liabilities exceed current assets.
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Comparison to Competitors
AmerisourceBergen Corp., current ratio, long-term trends, comparison to competitors
| AmerisourceBergen Corp. | Abbott Laboratories | Elevance Health Inc. | Intuitive Surgical Inc. | Medtronic PLC | UnitedHealth Group Inc. | |
|---|---|---|---|---|---|---|
| Sep 30, 2022 | 0.91 | 1.63 | 1.40 | 4.40 | 1.86 | 0.77 |
| Sep 30, 2021 | 0.94 | 1.85 | 1.47 | 5.08 | 2.65 | 0.79 |
| Sep 30, 2020 | 0.98 | 1.72 | 1.55 | 6.86 | 2.13 | 0.74 |
| Sep 30, 2019 | 0.95 | 1.44 | 1.65 | 4.53 | 2.59 | 0.69 |
| Sep 30, 2018 | 0.93 | 1.62 | 1.56 | 5.28 | 2.28 | 0.73 |
| Sep 30, 2017 | 0.91 | 2.26 | 1.55 | 3.99 | 1.75 | 0.73 |
| Sep 30, 2016 | 0.90 | 4.02 | 1.61 | 5.45 | 3.29 | 0.69 |
| Sep 30, 2015 | 0.90 | 1.54 | 1.62 | 4.46 | 3.36 | 0.74 |
| Sep 30, 2014 | 0.97 | 1.45 | 1.72 | 3.69 | 3.82 | 0.77 |
| Sep 30, 2013 | 0.97 | 2.02 | 1.82 | 5.07 | 4.57 | 0.73 |
| Sep 30, 2012 | 0.98 | 2.36 | 1.78 | 4.71 | 1.62 | 0.78 |
| Sep 30, 2011 | 1.03 | 1.54 | 1.71 | 4.57 | 1.93 | 0.85 |
| Sep 30, 2010 | 1.08 | 1.29 | 1.87 | 4.66 | 1.92 | 0.78 |
| Sep 30, 2009 | 1.05 | 1.79 | 1.91 | 4.18 | 2.37 | 0.82 |
| Sep 30, 2008 | 1.06 | 1.47 | 0.81 | 4.28 | 2.07 | 0.76 |
| Sep 30, 2007 | 1.11 | 1.54 | 0.91 | 4.63 | 3.09 | 0.84 |
| Sep 30, 2006 | 1.23 | 0.94 | 0.77 | 4.64 | 2.36 | 0.87 |
| Sep 30, 2005 | 1.32 | 1.54 | 1.75 | 3.60 | 2.20 | 0.64 |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Sector (Health Care Equipment & Services)
AmerisourceBergen Corp., current ratio, long-term trends, comparison to sector (health care equipment & services)
| AmerisourceBergen Corp. | Health Care Equipment & Services | |
|---|---|---|
| Sep 30, 2022 | 0.91 | 1.13 |
| Sep 30, 2021 | 0.94 | 1.22 |
| Sep 30, 2020 | 0.98 | 1.19 |
| Sep 30, 2019 | 0.95 | 1.17 |
| Sep 30, 2018 | 0.93 | 1.21 |
| Sep 30, 2017 | 0.91 | 1.24 |
| Sep 30, 2016 | 0.90 | 1.43 |
| Sep 30, 2015 | 0.90 | 1.36 |
| Sep 30, 2014 | 0.97 | 1.43 |
| Sep 30, 2013 | 0.97 | 1.54 |
| Sep 30, 2012 | 0.98 | 1.47 |
| Sep 30, 2011 | 1.03 | 1.36 |
| Sep 30, 2010 | 1.08 | 1.29 |
| Sep 30, 2009 | 1.05 | 1.46 |
| Sep 30, 2008 | 1.06 | 1.04 |
| Sep 30, 2007 | 1.11 | 1.14 |
| Sep 30, 2006 | 1.23 | 0.99 |
| Sep 30, 2005 | 1.32 | 1.31 |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).
Comparison to Industry (Health Care)
AmerisourceBergen Corp., current ratio, long-term trends, comparison to industry (health care)
| AmerisourceBergen Corp. | Health Care | |
|---|---|---|
| Sep 30, 2022 | 0.91 | 1.23 |
| Sep 30, 2021 | 0.94 | 1.31 |
| Sep 30, 2020 | 0.98 | 1.30 |
| Sep 30, 2019 | 0.95 | 1.48 |
| Sep 30, 2018 | 0.93 | 1.52 |
| Sep 30, 2017 | 0.91 | 1.55 |
| Sep 30, 2016 | 0.90 | 1.73 |
| Sep 30, 2015 | 0.90 | 1.70 |
| Sep 30, 2014 | 0.97 | 1.92 |
| Sep 30, 2013 | 0.97 | 1.96 |
| Sep 30, 2012 | 0.98 | 1.84 |
| Sep 30, 2011 | 1.03 | 1.94 |
| Sep 30, 2010 | 1.08 | 1.81 |
| Sep 30, 2009 | 1.05 | 1.78 |
| Sep 30, 2008 | 1.06 | 1.44 |
| Sep 30, 2007 | 1.11 | 1.53 |
| Sep 30, 2006 | 1.23 | 1.39 |
| Sep 30, 2005 | 1.32 | 1.63 |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30), 10-K (reporting date: 2007-09-30), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-30).