Azenta Inc (AZTA)
Current ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 832,807 | 967,658 | 1,190,070 | 1,382,800 | 1,418,960 | 1,510,840 | 1,585,730 | 1,619,980 | 2,459,350 | 2,575,300 | 3,043,090 | 796,729 | 777,366 | 717,217 | 724,490 | 675,156 | 649,453 | 602,011 | 572,528 | 663,469 |
| Total current liabilities | US$ in thousands | 204,839 | 202,574 | 202,999 | 235,620 | 210,928 | 203,627 | 212,644 | 249,026 | 230,546 | 194,927 | 617,963 | 341,800 | 345,088 | 311,060 | 265,646 | 225,770 | 211,118 | 205,805 | 197,035 | 282,952 |
| Current ratio | 4.07 | 4.78 | 5.86 | 5.87 | 6.73 | 7.42 | 7.46 | 6.51 | 10.67 | 13.21 | 4.92 | 2.33 | 2.25 | 2.31 | 2.73 | 2.99 | 3.08 | 2.93 | 2.91 | 2.34 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $832,807K ÷ $204,839K
= 4.07
The current ratio of Azenta Inc has shown fluctuations over the past eight quarters, ranging from a low of 2.25 in Dec 2021 to a high of 13.21 in Jun 2022. The current ratio measures the company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is generally considered favorable as it indicates a stronger ability to meet its short-term obligations.
In the recent quarters, the current ratio has been consistently above 4, indicating that Azenta Inc has maintained a healthy level of liquidity and is comfortably able to cover its short-term liabilities with its current assets. The current ratio peaked at 13.21 in Jun 2022, reflecting a significant increase in liquidity during that period.
Overall, the trend in the current ratio suggests that Azenta Inc has managed its short-term liquidity well in the recent quarters, maintaining a strong financial position. However, it is important for the company to continue monitoring and managing its current assets and liabilities effectively to ensure continued financial stability.
Peer comparison
Sep 30, 2024