Microsoft Corporation: would “the current ratio stays at or above 2.0” have held?
It would have broken in 5 years of 10: FY2022, FY2023, FY2024, FY2025, FY2026.
On the newest filing, FY2026 lodged 2026-07-29, it stands -0.77 from the line, at 1.23.
Year by year, against the filings
| Fiscal year | Current ratio | On the year | Against 2.0 | Clear by | Read from |
|---|---|---|---|---|---|
| FY2017 | 2.92 | n/a | held | +0.92 | 2017-08-02 10-K 0001564590-17-014900 |
| FY2018 | 2.90 | -0.02 | held | +0.90 | 2018-08-03 10-K 0001564590-18-019062 |
| FY2019 | 2.53 | -0.37 | held | +0.53 | 2019-08-01 10-K 0001564590-19-027952 |
| FY2020 | 2.52 | -0.01 | held | +0.52 | 2020-07-30 10-K 0001564590-20-034944 |
| FY2021 | 2.08 | -0.44 | held | +0.08 | 2021-07-29 10-K 0001564590-21-039151 |
| FY2022 | 1.78 | -0.30 | broke | -0.22 | 2022-07-28 10-K 0001564590-22-026876 |
| FY2023 | 1.77 | -0.01 | broke | -0.23 | 2023-07-27 10-K 0000950170-23-035122 |
| FY2024 | 1.27 | -0.50 | broke | -0.73 | 2024-07-30 10-K 0000950170-24-087843 |
| FY2025 | 1.35 | +0.08 | broke | -0.65 | 2025-07-30 10-K 0000950170-25-100235 |
| FY2026 | 1.23 | -0.12 | broke | -0.77 | 2026-07-29 10-K 0001193125-26-323660 |
What the series does
- Largest single-year move. FY2023 to FY2024, from 1.77 to 1.27, a change of -0.50, filed 2024-07-30 under 0000950170-24-087843. The filing is the place to read why; this reports the size and nothing about the cause. The average move between filed years, in either direction, is 0.21, which is the scale of ordinary movement to judge a threshold against.
- Closest to the line. FY2021, at 2.08 against 2.0, which is 0.08 clear of it. A threshold set anywhere inside that gap would have produced a different answer for this company.
- Span of the filed series. Lowest in FY2026 at 1.23, highest in FY2017 at 2.92, averaging 2.04 across the years that could be tested.
- Where the answer would flip. Any line at or below 1.23 would have held in every year that could be tested. Anything above it would have broken in FY2026 at the latest.
- First filed year to newest. FY2017 at 2.92, FY2026 at 1.23, a net -1.69 across the window on file. The path between them is the column above, not a straight line between these two.
10 of 10 filed years could be tested. A missing figure counts as neither held nor broken.
How demanding 2.0 is
Against the 4252 companies holding this figure on 2026-10-21, that line sits between the p50 mark of 1.87 and the p75 mark of 3.69, which says how demanding it is and nothing about where to set it.
The threshold is the reader's to choose. This is what one would have done, not advice. Where this line comes from
What this page leaves out
Evaluated over 10 filed fiscal years, FY2017 to FY2026. Accounts filed before this company began tagging its statements in XBRL are not machine-readable and are outside this page. No share price is involved in any figure here, so nothing on this page is limited by the depth of our price archive.
Filings get mis-tagged and restated, so check a figure against the submission it names. Coverage for a company you own.
Related
- Ask this about your own company, at your own number
- Apple Inc. against the same line. It would have broken in 10 of 10.
- Gross margin stays at or above 40 percent, on the same filings. It held in all 10 years on file.
- Return on equity stays at or above 15 percent, on the same filings. It held in all 10 years on file.
- Debt to equity stays at or below 1.0, on the same filings. It would have broken in 2 of 10.