Acuity Brands Inc (AYI)
Current ratio
| Aug 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,871,500 | 1,674,000 | 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 |
| Total current liabilities | US$ in thousands | 687,900 | 605,300 | 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 |
| Current ratio | 2.72 | 2.77 | 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 |
August 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,871,500K ÷ $687,900K
= 2.72
Acuity Brands Inc has shown a generally consistent current ratio over the past several quarters, with values ranging from 1.86 to 2.77. The current ratio, which measures the company's ability to meet its short-term liabilities with its current assets, has been above 2 in most periods, indicating a healthy liquidity position. The highest current ratio of 2.77 was observed in May 2024, suggesting that the company had sufficient current assets to cover its short-term obligations. Although there was a slight dip in the current ratio in some periods, such as November 2022 and May 2022, the ratios remained above 2, indicating that Acuity Brands Inc has maintained a strong liquidity position overall.
Peer comparison
Aug 31, 2024