AZZ Incorporated (AZZ)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | 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 |
| Quick 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($1,488K
+ $—K
+ $—K)
÷ $220,992K
= 0.01
The quick ratio of AZZ Incorporated has varied over the past few years, as indicated by the data provided. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio is generally indicative of better liquidity and a stronger ability to cover short-term liabilities.
Looking at the trend in AZZ Incorporated's quick ratio over the period from May 31, 2020, to February 28, 2025, we can observe fluctuations. The quick ratio was at its lowest point on August 31, 2022, and August 31, 2023, at 0.03 and 0.01 respectively, indicating potential liquidity concerns during those periods. On the other hand, the quick ratio reached its peak on May 31, 2022, at 0.30, suggesting improved liquidity and a better ability to cover short-term obligations.
It is important to note that a quick ratio of less than 1 may raise concerns about the company's ability to meet its short-term liabilities, while a quick ratio significantly higher than 1 may imply that the company is not efficiently utilizing its current assets. Therefore, the management of AZZ Incorporated should carefully monitor its quick ratio and ensure that it remains at a level that indicates good liquidity management and financial health.
Peer comparison
Feb 28, 2025