ABM Industries Incorporated (ABM)
Current ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,788,700 | 1,710,700 | 1,561,200 | 1,401,200 | 1,441,900 |
| Total current liabilities | US$ in thousands | 1,348,400 | 1,217,900 | 1,353,200 | 1,285,800 | 986,900 |
| Current ratio | 1.33 | 1.40 | 1.15 | 1.09 | 1.46 |
October 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,788,700K ÷ $1,348,400K
= 1.33
The current ratio of ABM Industries Incorporated has fluctuated over the past five years, ranging from 1.09 in October 2021 to 1.46 in October 2020. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio typically indicates a stronger liquidity position, as the company has more current assets to cover its current liabilities.
The current ratio of 1.33 as of October 31, 2024, indicates that the company has $1.33 in current assets for every dollar of current liabilities. This ratio has decreased compared to the prior year, suggesting a slight decrease in liquidity. ABM Industries should continue to monitor its current ratio to ensure it maintains a healthy balance between current assets and current liabilities to meet its short-term financial obligations effectively.
Peer comparison
Oct 31, 2024