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
- Current Assets
- The current assets exhibit a generally increasing trend over the observed period. Starting from approximately 7.99 billion USD in 2005, the value consistently grows with minor fluctuations, reaching nearly 39.59 billion USD by 2022. This indicates a steady expansion of liquid or near-liquid resources available to the company, reflecting possible business growth and improved asset management.
- Current Liabilities
- Current liabilities also show a rising trend, beginning at about 6.05 billion USD in 2005 and increasing to approximately 43.48 billion USD in 2022. The growth in liabilities is somewhat more pronounced compared to current assets, especially in later years, suggesting that the company has been assuming higher short-term obligations. This rise may reflect increased operational scale, higher accounts payable, or other short-term financing activities.
- Current Ratio
- The current ratio, representing the ability to cover short-term liabilities with short-term assets, displays a declining trend throughout the period. It decreases from 1.32 in 2005 to a low of around 0.90 in 2014 and 2016, with slight fluctuations thereafter, ending near 0.91 in 2022. This pattern signals a gradual reduction in liquidity cushion, with current liabilities growing at a faster rate than current assets. A ratio below 1 indicates that current liabilities exceed current assets, which may point to potential liquidity risks or tighter working capital management.
- Overall Analysis
- The simultaneous increase in both current assets and liabilities suggests business growth and expanded operations. However, the lowering current ratio indicates that the company’s liquidity position has weakened over time, potentially increasing the risk of short-term financial strain. This trend may warrant monitoring to ensure that the firm maintains sufficient liquidity to meet its obligations without stress.
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).