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: 2024-08-31), 10-K (reporting date: 2023-08-31), 10-K (reporting date: 2022-08-31), 10-K (reporting date: 2021-08-31), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31).
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Accenture PLC current ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Accenture PLC quick ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Accenture PLC cash ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Current Ratio
Accenture PLC, current ratio calculation, comparison to benchmarks
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Current assets | 20,857,781) | 23,381,931) | 21,610,871) | 19,666,511) | 17,749,756) | 15,450,601) | |
| Current liabilities | 18,976,127) | 18,009,038) | 17,523,496) | 15,708,867) | 12,662,590) | 11,061,896) | |
| Liquidity Ratio | |||||||
| Current ratio1 | 1.10 | 1.30 | 1.23 | 1.25 | 1.40 | 1.40 | |
| Benchmarks | |||||||
| Current Ratio, Competitors2 | |||||||
| Adobe Inc. | — | 1.34 | 1.11 | 1.25 | 1.48 | 0.79 | |
| Autodesk Inc. | 0.82 | 0.84 | 0.69 | 0.83 | 0.83 | 0.70 | |
| Cadence Design Systems Inc. | — | 1.24 | 1.27 | 1.77 | 1.86 | 1.74 | |
| CrowdStrike Holdings Inc. | 1.76 | 1.73 | 1.83 | 2.65 | 2.38 | — | |
| International Business Machines Corp. | — | 0.96 | 0.92 | 0.88 | 0.98 | 1.02 | |
| Intuit Inc. | 1.29 | 1.47 | 1.39 | 1.94 | 2.26 | 1.83 | |
| Microsoft Corp. | 1.27 | 1.77 | 1.78 | 2.08 | 2.52 | 2.53 | |
| Oracle Corp. | 0.72 | 0.91 | 1.62 | 2.30 | 3.03 | 2.49 | |
| Palo Alto Networks Inc. | 0.89 | 0.78 | 0.77 | 0.91 | 1.91 | 1.78 | |
| Salesforce Inc. | 1.09 | 1.02 | 1.05 | 1.23 | 1.08 | 0.95 | |
| ServiceNow Inc. | — | 1.06 | 1.11 | 1.05 | 1.21 | 1.03 | |
| Synopsys Inc. | — | 1.15 | 1.09 | 1.16 | 1.19 | 0.99 | |
| Current Ratio, Sector | |||||||
| Software & Services | — | 1.36 | 1.41 | 1.66 | 1.90 | 1.83 | |
| Current Ratio, Industry | |||||||
| Information Technology | — | 1.46 | 1.43 | 1.64 | 1.85 | 1.77 | |
Based on: 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), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31).
1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 20,857,781 ÷ 18,976,127 = 1.10
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Current ratio | A liquidity ratio calculated as current assets divided by current liabilities. | Accenture PLC current ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Quick Ratio
Accenture PLC, quick ratio calculation, comparison to benchmarks
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Cash and cash equivalents | 5,004,469) | 9,045,032) | 7,889,833) | 8,168,174) | 8,415,330) | 6,126,853) | |
| Short-term investments | 5,396) | 4,575) | 3,973) | 4,294) | 94,309) | 3,313) | |
| Receivables | 11,873,442) | 10,690,713) | 10,484,211) | 8,796,992) | 7,192,110) | 7,467,338) | |
| Contract assets, current | 1,791,405) | 1,536,473) | 1,292,564) | 931,220) | 654,782) | 627,733) | |
| Total quick assets | 18,674,712) | 21,276,793) | 19,670,581) | 17,900,680) | 16,356,531) | 14,225,237) | |
| Current liabilities | 18,976,127) | 18,009,038) | 17,523,496) | 15,708,867) | 12,662,590) | 11,061,896) | |
| Liquidity Ratio | |||||||
| Quick ratio1 | 0.98 | 1.18 | 1.12 | 1.14 | 1.29 | 1.29 | |
| Benchmarks | |||||||
| Quick Ratio, Competitors2 | |||||||
| Adobe Inc. | — | 1.22 | 1.00 | 1.11 | 1.34 | 0.70 | |
| Autodesk Inc. | 0.72 | 0.76 | 0.62 | 0.77 | 0.78 | 0.62 | |
| Cadence Design Systems Inc. | — | 1.02 | 1.02 | 1.47 | 1.60 | 1.51 | |
| CrowdStrike Holdings Inc. | 1.60 | 1.58 | 1.68 | 2.50 | 2.18 | — | |
| International Business Machines Corp. | — | 0.80 | 0.73 | 0.67 | 0.83 | 0.87 | |
| Intuit Inc. | 0.71 | 1.25 | 1.17 | 1.65 | 2.04 | 1.44 | |
| Microsoft Corp. | 1.06 | 1.54 | 1.57 | 1.90 | 2.33 | 2.35 | |
| Oracle Corp. | 0.59 | 0.74 | 1.43 | 2.15 | 2.83 | 2.31 | |
| Palo Alto Networks Inc. | 0.82 | 0.72 | 0.75 | 0.88 | 1.85 | 1.72 | |
| Salesforce Inc. | 0.96 | 0.90 | 0.93 | 1.11 | 0.95 | 0.82 | |
| ServiceNow Inc. | — | 1.00 | 1.06 | 1.01 | 1.16 | 0.98 | |
| Synopsys Inc. | — | 0.85 | 0.85 | 0.89 | 0.94 | 0.73 | |
| Quick Ratio, Sector | |||||||
| Software & Services | — | 1.18 | 1.24 | 1.50 | 1.74 | 1.68 | |
| Quick Ratio, Industry | |||||||
| Information Technology | — | 1.17 | 1.15 | 1.38 | 1.59 | 1.54 | |
Based on: 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), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31).
1 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 18,674,712 ÷ 18,976,127 = 0.98
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Quick ratio | A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. | Accenture PLC quick ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Cash Ratio
Accenture PLC, cash ratio calculation, comparison to benchmarks
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | |||||||
| Cash and cash equivalents | 5,004,469) | 9,045,032) | 7,889,833) | 8,168,174) | 8,415,330) | 6,126,853) | |
| Short-term investments | 5,396) | 4,575) | 3,973) | 4,294) | 94,309) | 3,313) | |
| Total cash assets | 5,009,865) | 9,049,607) | 7,893,806) | 8,172,468) | 8,509,639) | 6,130,166) | |
| Current liabilities | 18,976,127) | 18,009,038) | 17,523,496) | 15,708,867) | 12,662,590) | 11,061,896) | |
| Liquidity Ratio | |||||||
| Cash ratio1 | 0.26 | 0.50 | 0.45 | 0.52 | 0.67 | 0.55 | |
| Benchmarks | |||||||
| Cash Ratio, Competitors2 | |||||||
| Adobe Inc. | — | 0.95 | 0.75 | 0.84 | 1.09 | 0.51 | |
| Autodesk Inc. | 0.52 | 0.52 | 0.44 | 0.57 | 0.57 | 0.41 | |
| Cadence Design Systems Inc. | — | 0.72 | 0.66 | 1.13 | 1.17 | 1.06 | |
| CrowdStrike Holdings Inc. | 1.29 | 1.28 | 1.42 | 2.22 | 1.85 | — | |
| International Business Machines Corp. | — | 0.39 | 0.28 | 0.22 | 0.36 | 0.24 | |
| Intuit Inc. | 0.54 | 0.97 | 0.90 | 1.46 | 2.00 | 1.39 | |
| Microsoft Corp. | 0.60 | 1.07 | 1.10 | 1.47 | 1.89 | 1.93 | |
| Oracle Corp. | 0.34 | 0.44 | 1.12 | 1.93 | 2.50 | 2.03 | |
| Palo Alto Networks Inc. | 0.34 | 0.31 | 0.44 | 0.57 | 1.39 | 1.37 | |
| Salesforce Inc. | 0.53 | 0.48 | 0.48 | 0.67 | 0.54 | 0.39 | |
| ServiceNow Inc. | — | 0.66 | 0.71 | 0.67 | 0.83 | 0.61 | |
| Synopsys Inc. | — | 0.53 | 0.56 | 0.65 | 0.58 | 0.42 | |
| Cash Ratio, Sector | |||||||
| Software & Services | — | 0.75 | 0.80 | 1.10 | 1.31 | 1.22 | |
| Cash Ratio, Industry | |||||||
| Information Technology | — | 0.75 | 0.72 | 0.96 | 1.18 | 1.10 | |
Based on: 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), 10-K (reporting date: 2020-08-31), 10-K (reporting date: 2019-08-31).
1 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 5,009,865 ÷ 18,976,127 = 0.26
2 Click competitor name to see calculations.
| Liquidity ratio | Description | The company |
|---|---|---|
| Cash ratio | A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. | Accenture PLC cash ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |