AZZ Incorporated (AZZ)
Cash ratio
| Feb 28, 2025 | Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,488 | 4,349 | 2,820 | 15,082 | 14,837 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 220,992 | 194,306 | 187,240 | 150,531 | 113,850 |
| Cash ratio | 0.01 | 0.02 | 0.02 | 0.10 | 0.13 |
February 28, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($1,488K
+ $—K)
÷ $220,992K
= 0.01
The cash ratio of AZZ Incorporated has shown a decreasing trend over the years, starting at 0.13 on February 28, 2021, and dropping to 0.10 on February 28, 2022. The ratio continued to decline significantly to 0.02 on both February 28, 2023, and February 29, 2024. By February 28, 2025, the cash ratio further decreased to 0.01. This downward trend indicates that the company's current cash and cash equivalents are decreasing relative to its current liabilities, suggesting potential liquidity challenges. AZZ Incorporated may need to closely monitor and manage its cash position to ensure it can meet its short-term financial obligations effectively.
Peer comparison
Feb 28, 2025