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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Broadridge Financial Solutions's current ratio for the quarter that ended in Dec. 2023 was 1.40.
Broadridge Financial Solutions has a current ratio of 1.40. It generally indicates good short-term financial strength.
The historical rank and industry rank for Broadridge Financial Solutions's Current Ratio or its related term are showing as below:
During the past 13 years, Broadridge Financial Solutions's highest Current Ratio was 2.17. The lowest was 0.58. And the median was 1.39.
The historical data trend for Broadridge Financial Solutions's Current Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Information Technology Services subindustry, Broadridge Financial Solutions's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Software industry and Technology sector, Broadridge Financial Solutions's Current Ratio distribution charts can be found below:
* The bar in red indicates where Broadridge Financial Solutions's Current Ratio falls into.
The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.
Broadridge Financial Solutions's Current Ratio for the fiscal year that ended in Jun. 2023 is calculated as
Current Ratio (A: Jun. 2023 ) | = | Total Current Assets (A: Jun. 2023 ) | / | Total Current Liabilities (A: Jun. 2023 ) |
= | 1392.5 | / | 2397.8 | |
= | 0.58 |
Broadridge Financial Solutions's Current Ratio for the quarter that ended in Dec. 2023 is calculated as
Current Ratio (Q: Dec. 2023 ) | = | Total Current Assets (Q: Dec. 2023 ) | / | Total Current Liabilities (Q: Dec. 2023 ) |
= | 1363.6 | / | 971.1 | |
= | 1.40 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Broadridge Financial Solutions (NYSE:BR) Current Ratio Explanation
The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.
Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.
The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.
If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.
Thank you for viewing the detailed overview of Broadridge Financial Solutions's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Christopher John Perry | officer: Corporate SVP | 1981 MARCUS AVENUE, LAKE SUCCESS NY 11042 |
Laura Matlin | officer: VP, Deputy GC and CGO | C/O BROADRIDGE, 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042 |
Keir D Gumbs | officer: CVP and Chief Legal Officer | C/O BROADRIDGE FINANCIAL SOLUTIONS, INC., 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042 |
Timothy C Gokey | officer: Senior Vice President | 5 DAKOTA DRIVE, SUITE 300, LAKE SUCCESS NY 11042 |
Richard J Daly | director, officer: Chief Executive Officer | 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042 |
Thomas P Carey | officer: Corporate VP | C/O BROADRIDGE FINANCIAL SOLUTIONS, 5 DAKOTA DR., STE 300, LAKE SUCCESS NY 11042 |
Douglas Richard Deschutter | officer: Corporate Vice President | 5 DAKOTA DRIVE, SUITE 300, LAKE SUCCESS NY 11042 |
Leslie A Brun | director | 435 DEVON PARK DRIVE, 700 BUILDING, WAYNE PA 19087 |
Robert Schifellite | officer: Corporate Vice President | 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042 |
Robert N Duelks | director | 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042 |
Robert F Kalenka | officer: Corporate Vice President | 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042 |
Richard John Stingi | officer: Corporate VP and CHRO | C/O BROADRIDGE FINANCIAL SOLUTIONS, 5 DAKOTA DRIVE, LAKE SUCCESS NY 11042 |
Thomas J Perna | director | 89 ROBBINS AVENUE, BERKELEY HEIGHTS NJ 07922 |
Eileen K Murray | director | 1585 BROADWAY, NEW YORK NY 10036 |
Vijay Mayadas | officer: VP, Strategy | C/O BROADRIDGE FINANCIAL SOLUTIONS, 5 DAKOTA DRIVE, LAKE SUCCESS NE 11042 |
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