AAR Corp (AIR)
Current ratio
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,389,600 | 1,240,700 | 1,194,400 | 1,207,200 | 1,097,900 | 1,067,800 | 1,060,300 | 1,035,200 | 1,007,200 | 977,200 | 946,700 | 944,900 | 937,000 | 1,028,400 | 1,041,700 | 1,074,200 | 1,438,700 | 1,158,100 | 1,072,200 | 1,021,600 |
| Total current liabilities | US$ in thousands | 466,900 | 428,200 | 380,100 | 393,500 | 351,500 | 331,600 | 323,700 | 357,900 | 348,200 | 343,100 | 320,200 | 324,200 | 336,800 | 387,700 | 408,200 | 394,300 | 383,100 | 485,300 | 406,500 | 396,400 |
| Current ratio | 2.98 | 2.90 | 3.14 | 3.07 | 3.12 | 3.22 | 3.28 | 2.89 | 2.89 | 2.85 | 2.96 | 2.91 | 2.78 | 2.65 | 2.55 | 2.72 | 3.76 | 2.39 | 2.64 | 2.58 |
May 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,389,600K ÷ $466,900K
= 2.98
The current ratio of AAR Corp has fluctuated over the past few quarters. As of May 31, 2024, the current ratio stands at 2.98, indicating that the company has $2.98 in current assets for every $1 in current liabilities. This represents a slight increase from the previous quarter's ratio of 2.90.
Looking at the historical trend, the current ratio has generally been above 2.5 over the past few years, with some fluctuations. The highest point was seen in November 2022 at 3.28, while the lowest point was in February 2021 at 2.55.
Overall, the current ratio of AAR Corp reflects a strong liquidity position, as the company has a comfortable cushion of current assets to cover its short-term obligations. Investors and stakeholders can take this as a positive sign of the company's ability to meet its short-term financial commitments.
Peer comparison
May 31, 2024