Acuity Brands Inc (AYI)
Current ratio
| 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 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,546,800 | 1,474,100 | 1,395,200 | 1,408,400 | 1,393,500 | 1,455,800 | 1,466,000 | 1,608,600 | 1,672,000 | 1,599,900 | 1,544,300 | 1,538,500 | 1,344,100 | 1,347,700 | 1,439,700 | 1,380,300 | 1,307,800 | 1,206,400 | 1,441,800 | 1,379,300 |
| Total current liabilities | US$ in thousands | 597,900 | 600,600 | 595,400 | 624,200 | 596,300 | 697,600 | 733,600 | 866,900 | 743,700 | 695,200 | 692,200 | 671,400 | 576,300 | 583,400 | 617,600 | 575,900 | 572,200 | 572,600 | 596,100 | 631,000 |
| Current ratio | 2.59 | 2.45 | 2.34 | 2.26 | 2.34 | 2.09 | 2.00 | 1.86 | 2.25 | 2.30 | 2.23 | 2.29 | 2.33 | 2.31 | 2.33 | 2.40 | 2.29 | 2.11 | 2.42 | 2.19 |
February 29, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,546,800K ÷ $597,900K
= 2.59
The current ratio of Acuity Brands Inc has been relatively stable over the past several quarters, ranging from 1.86 to 2.59.
A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally a positive sign of financial health and liquidity.
Acuity Brands Inc's current ratio has consistently been above 2 since May 2020, indicating that the company has a strong ability to meet its short-term obligations with its current assets.
This trend suggests that Acuity Brands Inc has a reasonable level of liquidity and is in a good position to cover its short-term financial commitments. However, it is essential to consider other financial metrics and industry benchmarks for a comprehensive analysis of the company's financial strength.
Peer comparison
Feb 29, 2024