Acuity Brands Inc (AYI)
Current ratio
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,871,500 | 1,395,200 | 1,466,000 | 1,544,300 | 1,439,700 |
| Total current liabilities | US$ in thousands | 687,900 | 595,400 | 733,600 | 692,200 | 617,600 |
| Current ratio | 2.72 | 2.34 | 2.00 | 2.23 | 2.33 |
August 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,871,500K ÷ $687,900K
= 2.72
The current ratio of Acuity Brands Inc has shown variations over the last five years. In 2024, the current ratio improved to 2.72 from 2.34 in 2023, indicating the company's ability to cover its short-term obligations with its current assets has strengthened. This suggests improved liquidity and financial stability compared to the prior year.
In 2022, the current ratio was at 2.00, which was the lowest level in the past five years. However, the company managed to improve its current ratio in the following years. Despite the temporary decrease in 2022, the current ratio remained above 2.00, which generally indicates a healthy financial position and adequate short-term liquidity.
Notably, the current ratio was relatively stable in 2021 and 2020, with values of 2.23 and 2.33, respectively. These consistent ratios suggest that Acuity Brands Inc maintained a prudent balance between current assets and current liabilities during those years.
Overall, the trend in the current ratio of Acuity Brands Inc demonstrates the company's ability to manage its short-term financial obligations and maintain sufficient liquidity levels to support its operations.
Peer comparison
Aug 31, 2024