Brady Corporation (BRC)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 599,715 | 521,272 | 506,520 | 535,065 | 524,820 | 516,783 | 504,215 | 503,251 | 498,068 | 479,617 | 500,015 | 505,091 | 465,104 | 621,061 | 567,336 | 544,777 | 509,448 | 531,090 | 580,991 | 593,908 |
| 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 |
| Current ratio | 2.27 | 2.06 | 2.13 | 2.13 | 2.03 | 2.19 | 2.19 | 2.07 | 1.95 | 1.97 | 2.20 | 1.90 | 1.81 | 2.81 | 2.81 | 2.66 | 2.74 | 2.33 | 2.68 | 2.32 |
July 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $599,715K ÷ $264,682K
= 2.27
The current ratio of Brady Corporation has shown fluctuations over the past few years. As of July 31, 2024, the current ratio stands at 2.27, indicating that the company has $2.27 in current assets for every $1 in current liabilities. This suggests a relatively healthy liquidity position, with current assets exceeding current liabilities.
Looking at the trend over the past quarters, the current ratio has ranged between 1.81 to 2.81. While there have been some variations, the company has generally maintained a current ratio above 2, which is considered a good sign as it indicates the company's ability to cover its short-term obligations.
It is worth noting that the current ratio was highest in the first quarter of 2021 at 2.81, but it dropped in subsequent quarters before picking up again in recent periods. This fluctuation may be reflective of changes in the company's asset and liability composition or its management of working capital.
Overall, the current ratio analysis suggests that Brady Corporation has maintained a relatively strong liquidity position, with the ability to meet its short-term obligations comfortably.
Peer comparison
Jul 31, 2024