AZZ Incorporated (AZZ)
Current ratio
| 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 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 366,999 | 392,728 | 409,869 | 408,489 | 417,416 | 406,634 | 658,440 | 720,396 | 386,533 | 349,535 | 329,039 | 334,908 | 305,055 | 324,710 | 310,933 | 335,029 | 354,562 | 414,621 | 380,041 | 396,945 |
| Total current liabilities | US$ in thousands | 194,306 | 200,000 | 206,317 | 180,107 | 187,240 | 220,755 | 350,260 | 334,413 | 150,531 | 118,657 | 118,991 | 131,194 | 116,633 | 123,455 | 240,836 | 239,617 | 280,613 | 182,373 | 149,248 | 138,766 |
| Current ratio | 1.89 | 1.96 | 1.99 | 2.27 | 2.23 | 1.84 | 1.88 | 2.15 | 2.57 | 2.95 | 2.77 | 2.55 | 2.62 | 2.63 | 1.29 | 1.40 | 1.26 | 2.27 | 2.55 | 2.86 |
February 29, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $366,999K ÷ $194,306K
= 1.89
The current ratio of AZZ Incorporated has fluctuated over the past 20 quarters, ranging from a low of 1.26 to a high of 2.95. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting a strong liquidity position.
Looking at the trend, the current ratio generally stayed above 2 over the past few years, indicating that AZZ Incorporated has been able to meet its short-term obligations comfortably with its current assets.
However, there were a few quarters where the current ratio dipped below 2, which may suggest instances where the company might have faced challenges in meeting its short-term liabilities with current assets alone.
Overall, a current ratio above 2 may indicate a healthy liquidity position for AZZ Incorporated, but the fluctuations in the ratio over time should be monitored to ensure the company's ability to meet its short-term obligations effectively.
Peer comparison
Feb 29, 2024