Acuity Brands Inc (AYI)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 461,000 | 333,700 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 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 | 561,000 | 586,000 |
| 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 |
| Quick ratio | 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 | 1.71 | 1.46 |
February 29, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($578,900K
+ $—K
+ $494,900K)
÷ $597,900K
= 1.80
The quick ratio of Acuity Brands Inc has shown some fluctuations over the past few quarters. The ratio has generally been above 1, indicating that the company has had an adequate level of liquid assets to cover its short-term liabilities.
Specifically, the quick ratio has ranged from a low of 1.06 in August 2022 to a high of 1.80 in February 2024. This suggests that the company's ability to meet its short-term obligations improved significantly by February 2024 compared to previous quarters.
Overall, the trend in the quick ratio indicates that Acuity Brands Inc has maintained a healthy liquidity position in recent periods. However, it is important to keep monitoring this ratio to ensure that the company can continue to meet its short-term financial obligations effectively.
Peer comparison
Feb 29, 2024