Azenta Inc (AZTA)
Current ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,418,960 | 2,459,350 | 777,366 | 649,453 | 647,145 |
| Total current liabilities | US$ in thousands | 210,928 | 230,546 | 345,088 | 211,118 | 272,270 |
| Current ratio | 6.73 | 10.67 | 2.25 | 3.08 | 2.38 |
September 30, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,418,960K ÷ $210,928K
= 6.73
The current ratio of Azenta Inc has varied significantly over the past five years. In 2023, the current ratio stands at 6.73, indicating a considerable increase from the previous year. This suggests that the company's current assets, which can be easily converted into cash, are significantly higher relative to its current liabilities. In 2022, Azenta Inc exhibited a current ratio of 10.67, signifying a very strong liquidity position. This substantial increase from the previous year indicates a noteworthy improvement in the company's ability to meet its short-term obligations. Conversely, in 2021, the current ratio decreased to 2.25, reflecting a potential liquidity challenge for Azenta Inc as its current assets were only 2.25 times its current liabilities. The following year, in 2020, the current ratio rose to 3.08, indicating a partial recovery in the company's liquidity position. In 2019, the current ratio was 2.38, reflecting a moderate liquidity position. Overall, the fluctuation in Azenta Inc's current ratio indicates varying degrees of ability to cover short-term obligations with current assets over the past five years, highlighting changes in the company's liquidity position.
Peer comparison
Sep 30, 2023