Acuity Brands Inc (AYI)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 845,800 | 699,000 | 578,900 | 513,300 | 397,900 | 359,300 | 339,000 | 284,100 | 223,200 | 318,200 | 475,500 | 504,000 | 491,300 | 593,500 | 498,700 | 507,000 | 560,700 | 520,600 | 380,600 | 266,600 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 563,000 | 512,300 | 494,900 | 517,100 | 555,300 | 545,000 | 523,100 | 584,200 | 665,900 | 597,200 | 546,800 | 529,300 | 571,800 | 509,000 | 448,000 | 445,300 | 500,300 | 451,300 | 506,700 | 507,700 |
| 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 |
| Quick ratio | 2.05 | 2.00 | 1.80 | 1.72 | 1.60 | 1.45 | 1.45 | 1.24 | 1.21 | 1.06 | 1.37 | 1.49 | 1.54 | 1.64 | 1.64 | 1.63 | 1.72 | 1.69 | 1.55 | 1.35 |
August 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($845,800K
+ $—K
+ $563,000K)
÷ $687,900K
= 2.05
The quick ratio of Acuity Brands Inc has shown fluctuations over the past few years, ranging from 1.06 to 2.05. The quick ratio measures the company's ability to cover its current liabilities with its most liquid assets, excluding inventory.
A quick ratio above 1 indicates that the company has enough liquid assets to cover its short-term liabilities. Acuity Brands Inc has generally maintained a healthy quick ratio above 1 over the years, which is a positive sign of its liquidity and ability to meet its short-term obligations.
The ratio peaked at 2.05 in the most recent period, indicating a significant increase in the company's liquidity position. This could be a result of improved cash management or a reduction in short-term liabilities relative to liquid assets.
Overall, the trend in Acuity Brands Inc's quick ratio suggests that the company has managed its liquidity well, with periods of fluctuations but maintaining a relatively strong position to meet its short-term obligations.
Peer comparison
Aug 31, 2024