Brady Corporation (BRC)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 231,944 | 224,358 | 201,973 | 218,258 | 185,486 | 195,099 | 185,569 | 179,970 | 184,420 | 184,907 | 186,852 | 180,183 | 183,233 | 186,843 | 172,471 | 182,791 | 170,579 | 163,381 | 154,052 | 156,735 |
| 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 |
| Quick ratio | 1.23 | 1.21 | 1.21 | 1.21 | 1.65 | 1.40 | 1.39 | 1.41 | 1.30 | 1.35 | 1.28 | 1.21 | 1.17 | 1.19 | 1.41 | 1.28 | 1.23 | 2.19 | 2.14 | 2.02 |
July 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($174,349K
+ $—K
+ $231,944K)
÷ $330,332K
= 1.23
The analysis of Brady Corporation’s quick ratio over the specified period reveals a generally stable liquidity position, with fluctuations within a narrow range. The quick ratio, which measures a company's ability to meet its short-term obligations with its most liquid assets, varied from a low of approximately 1.17 in July 2022 to a high of around 2.19 in April 2021.
Initially, the quick ratio increased from October 2020 (2.02) to April 2021 (2.19), indicating an improvement in liquidity and a higher proportion of liquid assets relative to current liabilities. However, a significant decline occurred by July 2021, where the ratio dropped sharply to 1.23, suggesting a temporary reduction in liquid assets or an increase in current liabilities, which impacted liquidity.
From then onward, the ratio demonstrated minor fluctuations but maintained a generally steady trend, mostly staying above 1.2. Notably, the quick ratio reached a peak of 1.65 in July 2024, reflecting a relatively strong liquidity position during that period. Subsequently, the ratio experienced a decline to approximately 1.21–1.23 from October 2024 through mid-2025, indicating a slight erosion in liquidity but still remaining above the threshold commonly considered as providing basic liquidity cushion.
Overall, Brady Corporation consistently maintains a quick ratio well above 1.0 throughout the analyzed timeframe, indicating a solid capacity to meet short-term liabilities with liquid assets. The observed variations, including the temporary dip around mid-2021 and fluctuations thereafter, suggest periods of changes in working capital composition, but none appear to threaten the company's sufficient liquidity cushion. The trend points toward a stable liquidity profile with periods of moderate upward movements, reinforcing the company's capacity for liquidity resilience over the analyzed span.