Brady Corporation (BRC)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 621,835 | 581,902 | 536,315 | 556,069 | 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 |
| 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 |
| Current ratio | 1.88 | 1.87 | 1.90 | 1.84 | 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 |
July 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $621,835K ÷ $330,332K
= 1.88
The analysis of Brady Corporation's current ratio over the specified periods reveals a generally stable liquidity position with fluctuations that reflect short-term operational variations. The current ratio, which measures the company's ability to meet its short-term obligations with its short-term assets, shows an initial value of 2.66 as of October 31, 2020. This ratio increased slightly to 2.81 by January 31, 2021, and remained stable through April 30, 2021, indicating a strong liquidity buffer during this period.
A notable decline occurred by July 31, 2021, when the ratio dropped to 1.81, suggesting a reduction in liquidity but still remaining within a reasonable range for a manufacturing or industrial company. The ratio modestly recovered to 1.90 by October 31, 2021, and continued to improve in early 2022, reaching 2.20 as of January 31, 2022. This upward movement continued into April 2022 (1.97) and maintained stable levels through July 2022 (1.95) and October 2022 (2.07).
In subsequent periods, the ratio fluctuated modestly, with values such as 2.19 in January 2023, remaining stable through April 2023, and slightly decreasing to 2.03 in July 2023 before increasing again to 2.13 in October 2023. The trend remains relatively steady within the range of approximately 1.84 to 2.27 from October 2024 through October 2025, with the most recent value recorded at 1.84 as of October 31, 2024, indicating a slight dip in liquidity.
Overall, Brady Corporation has maintained a current ratio well above 1.8 for most of the observed period, reflecting a consistent capacity to cover its short-term liabilities with its current assets. The variations observed are typical of operational needs and seasonal factors, but the company's liquidity remains adequate and stable across the timeline. The observed decrease in the current ratio toward October 2024 suggests a potential slight deterioration in liquidity, which warrants ongoing monitoring but does not currently indicate immediate risk.