AZZ Incorporated (AZZ)
Cash ratio
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 1,488 | 1,484 | 2,152 | 10,546 | 4,349 | 7,509 | 2,108 | 3,878 | 2,820 | 3,290 | 11,340 | 100,998 | 15,082 | 20,355 | 15,488 | 12,403 | 14,837 | 19,195 | 14,028 | 26,414 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 220,992 | 222,292 | 217,130 | 223,865 | 194,306 | 200,000 | 206,317 | 180,107 | 187,240 | 220,755 | 350,260 | 334,413 | 150,531 | 118,657 | 118,991 | 131,194 | 113,850 | 123,455 | 240,836 | 239,617 |
| Cash ratio | 0.01 | 0.01 | 0.01 | 0.05 | 0.02 | 0.04 | 0.01 | 0.02 | 0.02 | 0.01 | 0.03 | 0.30 | 0.10 | 0.17 | 0.13 | 0.09 | 0.13 | 0.16 | 0.06 | 0.11 |
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 some fluctuations over the years, indicating the company's ability to cover its short-term liabilities with cash and cash equivalents. The ratio ranged from a low of 0.01 to a high of 0.30 during the period from May 31, 2020, to February 28, 2025.
It is worth noting that the cash ratio decreased significantly to 0.03 on August 31, 2022, which may indicate a temporary decrease in the company's ability to cover its short-term liabilities with cash. However, the ratio improved to 0.30 on May 31, 2022, suggesting a strong cash position at that time.
Overall, the cash ratio has shown some volatility over the years but has generally remained relatively low, indicating that AZZ Incorporated may rely more on other liquid assets or credit facilities to meet its short-term obligations rather than holding a significant amount of cash on hand.
Peer comparison
Feb 28, 2025