Agilysys Inc (AGYS)

Current ratio

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Total current assets	US$ in thousands	188,937	154,658	136,173	133,250	93,408
Total current liabilities	US$ in thousands	89,371	78,515	71,466	61,155	69,423
Current ratio		2.11	1.97	1.91	2.18	1.35

March 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $188,937K ÷ $89,371K
= 2.11

Agilysys Inc's current ratio has shown some fluctuations over the past five years. As of March 31, 2024, the current ratio stands at 2.11, indicating that the company has $2.11 in current assets for every $1 in current liabilities. This reflects an improvement compared to the previous year where the ratio was 1.97.

In general, a current ratio above 1 signifies that the company can cover its short-term obligations with its current assets. Agilysys Inc's current ratio has been consistently above 1 over the years, which is a positive indicator of its liquidity position.

However, it is essential to note that a very high current ratio may suggest inefficiency in asset utilization, while a low ratio could raise concerns about the company's ability to meet its short-term obligations. Overall, Agilysys Inc's current ratio of 2.11 as of March 31, 2024, indicates a healthy liquidity position, but further analysis of the trend and comparison to industry benchmarks would provide a more comprehensive understanding.