Azenta Inc (AZTA)

The current ratio of Azenta Inc has fluctuated over the past five years, demonstrating both strengths and potential risks in the company's liquidity position.

As of September 30, 2024, the current ratio stands at 4.07, indicating that the company has $4.07 in current assets to cover each dollar of current liabilities. While this ratio has decreased compared to the previous year, it still suggests that Azenta Inc has a healthy level of liquidity to meet its short-term obligations.

In the prior year, Sep 30, 2023, the company exhibited a significantly higher current ratio of 6.73, reflecting a strong liquidity position. This high ratio implies that Azenta Inc had ample current assets to cover its current liabilities, which bodes well for the company's financial health and ability to manage short-term obligations.

Conversely, the current ratio was notably lower in Sep 30, 2021, at 2.25, signaling a potential liquidity challenge for Azenta Inc. A ratio below 2 typically raises concerns about the company's ability to meet its short-term liabilities, suggesting a need to manage working capital more efficiently or increase current assets.

Overall, Azenta Inc's current ratio has varied significantly over the years, with recent figures indicating a moderate level of liquidity relative to the company's current liabilities. It is essential for the company to closely monitor its current ratio to ensure it maintains an optimal balance between current assets and liabilities to sustain its operations effectively.

Peer comparison

Sep 30, 2024