Copart Inc (CPRT)
Current ratio
| Jul 31, 2025 | Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,638,480 | 4,418,180 | 3,262,600 | 2,202,460 | 1,702,610 |
| Total current liabilities | US$ in thousands | 683,281 | 628,567 | 492,769 | 440,889 | 421,031 |
| Current ratio | 8.25 | 7.03 | 6.62 | 5.00 | 4.04 |
July 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,638,480K ÷ $683,281K
= 8.25
The current ratio of Copart Inc. has demonstrated a consistent upward trajectory over the analyzed period from July 31, 2021, to July 31, 2025. Specifically, the ratio increased from 4.04 in 2021 to 5.00 in 2022, reflecting an improvement in the company's short-term liquidity position. This trend continued with a notable rise to 6.62 in 2023, further enhancing the company's ability to meet its short-term obligations. The ratio persisted on an upward path, reaching 7.03 in 2024, and ultimately arriving at 8.25 in 2025. Such a progressive increase suggests that Copart Inc. has been strengthening its liquidity cushion over time, potentially indicating better cash management and a more conservative approach to short-term liabilities. Overall, the data implies an improving liquidity profile, which may contribute positively to the company's financial stability and operational flexibility.