Brady Corporation (BRC)
Cash ratio
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 174,349 | 152,154 | 138,452 | 145,661 | 250,118 | 160,458 | 143,860 | 175,352 | 151,532 | 135,047 | 108,210 | 114,471 | 114,069 | 103,068 | 147,407 | 157,553 | 147,335 | 321,801 | 277,588 | 256,333 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 330,332 | 311,786 | 282,350 | 301,470 | 264,682 | 253,149 | 237,302 | 251,694 | 258,036 | 236,436 | 229,849 | 243,613 | 255,174 | 243,770 | 227,496 | 266,493 | 257,584 | 221,115 | 201,544 | 204,961 |
| Cash ratio | 0.53 | 0.49 | 0.49 | 0.48 | 0.94 | 0.63 | 0.61 | 0.70 | 0.59 | 0.57 | 0.47 | 0.47 | 0.45 | 0.42 | 0.65 | 0.59 | 0.57 | 1.46 | 1.38 | 1.25 |
July 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($174,349K
+ $—K)
÷ $330,332K
= 0.53
The cash ratio of Brady Corporation exhibits notable fluctuations over the analyzed period from October 2020 through July 2025. Initially, in October 2020, the cash ratio stood at 1.25, indicating that the company's cash and cash equivalents comfortably exceeded current liabilities, reflecting a conservative liquidity position at that time. The ratio increased steadily, reaching a peak of 1.46 in April 2021, suggesting improved liquidity and a strong ability to cover short-term obligations with cash alone.
Subsequently, the ratio experienced a significant decline to 0.57 by July 2021, marking a substantial reduction in cash holdings relative to current liabilities. This downward trend persisted into October 2021, with the ratio stabilizing at a modest 0.59. Throughout 2022, the cash ratio remained relatively stable mostly between 0.42 and 0.65, indicating a consistent but more conservative liquidity stance and a decreased reliance solely on cash for meeting short-term liabilities.
Starting in early 2023, a gradual increase in the cash ratio resumed, reaching 0.57 in April and slightly higher at 0.59 in July 2023, signaling a modest improvement in liquidity. The trend intensified notably in late 2023 and into early 2024, with the ratio climbing to 0.70 in October 2023, suggesting an increased cash buffer relative to liabilities.
The upward trajectory continued into early 2024, with the ratio reaching as high as 0.94 in July, nearing full coverage of current liabilities by cash, which may imply cautious liquidity management or a strategic accumulation of cash reserves. Subsequently, the ratio decreased to 0.48 by October 2024, then stabilized around 0.49 to 0.53 through the first half of 2025.
Overall, the data depict a pattern of initial strong liquidity, a notable decline in cash holdings by mid-2021, limited fluctuations throughout 2022, followed by a recovery phase characterized by increased cash reserves toward late 2023 and mid-2024, before stabilizing at a moderate level. These movements suggest adaptive liquidity management strategies responding to changing operational circumstances, market conditions, or corporate strategies.