ABM Industries Incorporated (ABM)
Current ratio
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,788,700 | 1,723,400 | 1,697,900 | 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 |
| Total current liabilities | US$ in thousands | 1,348,400 | 1,246,100 | 1,179,100 | 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 |
| Current ratio | 1.33 | 1.38 | 1.44 | 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 |
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 few years, ranging from a low of 1.09 to a high of 1.53. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, implying that it should be able to meet its short-term obligations.
Looking at the trend, we can see that the current ratio has generally remained above 1, indicating that ABM Industries has had a sufficiently strong liquidity position to meet its short-term obligations. However, there have been fluctuations in the ratio over time, with some periods showing a higher current ratio than others. For instance, the current ratio was relatively high in April 2023 at 1.53, indicating a strong liquidity position, while it was lower in January 2022 at 1.17. This variability in the current ratio may be attributed to changes in the company's current assets and current liabilities over time.
Overall, while the current ratio of ABM Industries has fluctuated, it has generally remained at levels above 1, suggesting that the company has maintained a satisfactory liquidity position to cover its short-term liabilities.
Peer comparison
Oct 31, 2024