Current Ratio
since 2008
Paying user area
Try for free
Visa Inc. pages available for free this week:
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Visa Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Calculation
Visa Inc., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Sep 30, 2022 | = | ÷ | |||
| Sep 30, 2021 | = | ÷ | |||
| Sep 30, 2020 | = | ÷ | |||
| Sep 30, 2019 | = | ÷ | |||
| Sep 30, 2018 | = | ÷ | |||
| Sep 30, 2017 | = | ÷ | |||
| Sep 30, 2016 | = | ÷ | |||
| Sep 30, 2015 | = | ÷ | |||
| Sep 30, 2014 | = | ÷ | |||
| Sep 30, 2013 | = | ÷ | |||
| Sep 30, 2012 | = | ÷ | |||
| Sep 30, 2011 | = | ÷ | |||
| Sep 30, 2010 | = | ÷ | |||
| Sep 30, 2009 | = | ÷ | |||
| Sep 30, 2008 | = | ÷ |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30).
1 US$ in millions
- Current Assets
- The current assets experienced fluctuations over the years observed. Initially, there was a decline from 11,174 million US dollars in 2008 to 8,734 million in 2010. After reaching a low point in 2013 at 7,822 million, current assets generally trended upward, surpassing previous peaks, reaching a high of 30,205 million by 2022. Notable increments occurred between 2015 and 2017 and again from 2019 onward, indicating a strengthening liquidity position during these periods.
- Current Liabilities
- Current liabilities exhibited a somewhat variable but overall increasing trend, with a low of 3,451 million in 2011 and an upward trajectory thereafter. There was a marked increase after 2017, rising from 9,994 million to 20,853 million in 2022. This trend shows a considerable growth in short-term obligations, particularly in the last five years of the dataset.
- Current Ratio
- The current ratio, calculated as current assets divided by current liabilities, showed significant variability across the years. The ratio was low at 1.56 in 2008, increased steadily to a peak of 2.66 in 2011, suggesting a strong short-term liquidity position at that time. However, from 2012 to 2014, the ratio decreased to around 1.5 to 1.8, indicating moderated liquidity. A further increase occurred in 2015 and 2016, with ratios close to or above 1.9, followed by a gradual decline from 2017 to 2022, ending at 1.45. Despite strong increases in current assets, the higher growth rate of current liabilities in recent years caused the current ratio to decrease, implying a relative reduction in short-term financial safety margin.
- Summary
- Overall, the data suggests increasing scale in both current assets and current liabilities over time, with current liabilities growing at a faster pace in recent years. The current ratio's peak around 2011 indicated an optimal liquidity state, but the downward trend after 2017 signals attention is needed to manage short-term obligations relative to assets to maintain healthy liquidity levels.
Comparison to Competitors
Visa Inc., current ratio, long-term trends, comparison to competitors
| Visa Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 30, 2022 | ||||||||||||||||
| Sep 30, 2021 | ||||||||||||||||
| Sep 30, 2020 | ||||||||||||||||
| Sep 30, 2019 | ||||||||||||||||
| Sep 30, 2018 | ||||||||||||||||
| Sep 30, 2017 | ||||||||||||||||
| Sep 30, 2016 | ||||||||||||||||
| Sep 30, 2015 | ||||||||||||||||
| Sep 30, 2014 | ||||||||||||||||
| Sep 30, 2013 | ||||||||||||||||
| Sep 30, 2012 | ||||||||||||||||
| Sep 30, 2011 | ||||||||||||||||
| Sep 30, 2010 | ||||||||||||||||
| Sep 30, 2009 | ||||||||||||||||
| Sep 30, 2008 |
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).
Comparison to Sector (Software & Services)
Visa Inc., current ratio, long-term trends, comparison to sector (software & services)
| Visa Inc. | Software & Services | |
|---|---|---|
| Sep 30, 2022 | ||
| Sep 30, 2021 | ||
| Sep 30, 2020 | ||
| Sep 30, 2019 | ||
| Sep 30, 2018 | ||
| Sep 30, 2017 | ||
| Sep 30, 2016 | ||
| Sep 30, 2015 | ||
| Sep 30, 2014 | ||
| Sep 30, 2013 | ||
| Sep 30, 2012 | ||
| Sep 30, 2011 | ||
| Sep 30, 2010 | ||
| Sep 30, 2009 | ||
| Sep 30, 2008 |
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).
Comparison to Industry (Information Technology)
Visa Inc., current ratio, long-term trends, comparison to industry (information technology)
| Visa Inc. | Information Technology | |
|---|---|---|
| Sep 30, 2022 | ||
| Sep 30, 2021 | ||
| Sep 30, 2020 | ||
| Sep 30, 2019 | ||
| Sep 30, 2018 | ||
| Sep 30, 2017 | ||
| Sep 30, 2016 | ||
| Sep 30, 2015 | ||
| Sep 30, 2014 | ||
| Sep 30, 2013 | ||
| Sep 30, 2012 | ||
| Sep 30, 2011 | ||
| Sep 30, 2010 | ||
| Sep 30, 2009 | ||
| Sep 30, 2008 |
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).