ABM Industries Incorporated (ABM)
Current ratio
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,723,900 | 1,710,700 | 1,729,200 | 1,693,000 | 1,656,300 | 1,561,200 | 1,539,700 | 1,508,200 | 1,477,500 | 1,401,200 | 1,600,300 | 1,499,000 | 1,474,600 | 1,441,900 | 1,312,200 | 1,715,000 | 1,284,900 | 1,275,400 | 1,319,200 | 1,280,900 |
| Total current liabilities | US$ in thousands | 1,165,300 | 1,217,900 | 1,176,500 | 1,109,500 | 1,276,300 | 1,353,200 | 1,273,700 | 1,280,700 | 1,267,800 | 1,285,800 | 1,105,500 | 1,064,400 | 1,017,800 | 986,900 | 877,400 | 941,200 | 871,100 | 902,400 | 877,400 | 851,100 |
| Current ratio | 1.48 | 1.40 | 1.47 | 1.53 | 1.30 | 1.15 | 1.21 | 1.18 | 1.17 | 1.09 | 1.45 | 1.41 | 1.45 | 1.46 | 1.50 | 1.82 | 1.48 | 1.41 | 1.50 | 1.50 |
January 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,723,900K ÷ $1,165,300K
= 1.48
The current ratio of ABM Industries Inc. has shown some fluctuations over the past eight quarters. The ratio ranged from a low of 1.15 in Q4 2022 to a high of 1.53 in Q2 2023. This indicates that the company's ability to cover its short-term liabilities with its current assets has varied over time.
Overall, the current ratio has generally been above 1, which suggests that ABM Industries Inc. has had sufficient current assets to meet its short-term obligations. However, the fluctuations in the ratio may indicate changes in the company's liquidity position and its ability to manage its short-term financial obligations effectively.
It is important for investors and analysts to monitor the current ratio trend over time to assess the company's liquidity risk and financial health. Further analysis and consideration of other financial metrics are recommended to gain a comprehensive understanding of ABM Industries Inc.'s current financial performance.
Peer comparison
Jan 31, 2024