AZZ Incorporated (AZZ)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 375,444 | 394,405 | 401,156 | 396,342 | 366,999 | 392,728 | 409,869 | 408,489 | 417,416 | 406,634 | 658,440 | 720,396 | 386,533 | 349,535 | 329,039 | 334,908 | 303,492 | 324,710 | 310,933 | 335,029 |
| 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 |
| Current ratio | 1.70 | 1.77 | 1.85 | 1.77 | 1.89 | 1.96 | 1.99 | 2.27 | 2.23 | 1.84 | 1.88 | 2.15 | 2.57 | 2.95 | 2.77 | 2.55 | 2.67 | 2.63 | 1.29 | 1.40 |
February 28, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $375,444K ÷ $220,992K
= 1.70
AZZ Incorporated's current ratio, a key liquidity ratio, shows the company's ability to meet its short-term obligations using its current assets. Looking at the trend over the past few years, we observe fluctuations in the current ratio.
From May 31, 2020, to August 31, 2022, the current ratio ranged from 1.29 to 2.95, indicating some variability in the company's ability to cover its short-term liabilities. However, the current ratio generally remained above 1, suggesting that AZZ Incorporated could meet its short-term obligations throughout this period.
In the most recent period up to February 28, 2025, the current ratio has fluctuated between 1.70 and 2.95. The decrease in the current ratio from the peak of 2.95 on November 30, 2021, to 1.70 on February 28, 2025, may raise concerns about the company's ability to cover its short-term obligations using its current assets.
Overall, while the current ratio has shown some variability, the company has generally maintained a current ratio above 1, indicating a reasonable ability to meet its short-term obligations. However, continued monitoring of the current ratio is recommended to ensure financial stability and liquidity management for AZZ Incorporated.
Peer comparison
Feb 28, 2025