Brady Corporation (BRC)
Cash ratio
| 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 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 217,643 | 238,880 | 289,803 | 295,093 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 185,888 | 227,959 | 216,690 | 255,947 |
| Cash ratio | 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 | 1.17 | 1.05 | 1.34 | 1.15 |
July 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($250,118K
+ $—K)
÷ $264,682K
= 0.94
The cash ratio of Brady Corporation has fluctuated over the past few years, with the latest value as of July 31, 2024, standing at 0.94. This indicates that the company has $0.94 in cash and cash equivalents for every $1 of current liabilities, suggesting a healthy ability to cover short-term obligations.
The trend of the cash ratio shows variability, with some periods showing higher ratios (e.g., April 30, 2021, with a ratio of 1.46) and others lower ratios (e.g., July 31, 2023, with a ratio of 0.59). The varying ratios can be attributed to changes in the levels of cash and cash equivalents relative to current liabilities over time.
Overall, the upward or downward movement of the cash ratio can signal changes in the company's liquidity position and its ability to meet short-term financial obligations. It is essential for investors and stakeholders to monitor these fluctuations to assess the financial strength and stability of Brady Corporation.
Peer comparison
Jul 31, 2024