Copart Inc (CPRT)
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 | 2,780,530 | 2,366,500 | 3,338,910 | 3,698,120 | 1,514,110 | 1,090,000 | 1,256,950 | 2,581,570 | 957,395 | 2,114,180 | 1,660,950 | 1,539,390 | 1,384,240 | 1,454,820 | 971,651 | 1,298,370 | 1,048,260 | 911,890 | 616,403 | 605,732 |
| Short-term investments | US$ in thousands | 2,008,540 | 2,017,840 | 458,542 | 0 | 1,908,050 | 2,000,330 | 1,411,120 | 48,982 | 1,406,590 | — | — | — | — | 224,889 | 374,866 | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 683,281 | 657,132 | 629,637 | 714,855 | 628,567 | 563,419 | 526,023 | 624,417 | 492,769 | 506,564 | 487,623 | 504,477 | 440,889 | 449,095 | 417,860 | 491,911 | 421,031 | 413,045 | 371,015 | 407,536 |
| Cash ratio | 7.01 | 6.67 | 6.03 | 5.17 | 5.44 | 5.48 | 5.07 | 4.21 | 4.80 | 4.17 | 3.41 | 3.05 | 3.14 | 3.74 | 3.22 | 2.64 | 2.49 | 2.21 | 1.66 | 1.49 |
July 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($2,780,530K
+ $2,008,540K)
÷ $683,281K
= 7.01
The cash ratio of Copart Inc. has demonstrated a consistent upward trend over the analyzed period from October 31, 2020, to July 31, 2025. Beginning at 1.49 in October 2020, the ratio increased steadily, reflecting an enhancement in the company's liquidity position. Notably, there was a significant rise between October 2020 and April 2021, reaching 2.21, and this upward movement continued more prominently in subsequent periods.
From January 2021 onwards, the ratio surpassed the 3.0 mark, indicating an increasingly conservative liquidity stance, with the ratio peaking at 7.01 in July 2025. Throughout this timeframe, the ratio fluctuated mildly but maintained an overall positive trajectory, suggesting a strong cash position relative to current liabilities.
The incremental increases in the cash ratio suggest that Copart Inc. has prioritized strengthening its liquidity position, possibly as a buffer against market uncertainties or to support ongoing operational or strategic initiatives. The consistently high cash ratio—well above the typical benchmark of 1.0—implies that the company maintains ample cash reserves to cover its current liabilities, reflecting a conservative and risk-averse approach to liquidity management.
Overall, the data indicates that Copart Inc.'s liquidity position has improved significantly over time, characterized by a sustained increase in its cash ratio, highlighting prudent cash management and a robust liquidity buffer.