Copart Inc (CPRT)
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 | 5,754,630 | 5,359,150 | 4,966,780 | 4,733,120 | 4,418,180 | 4,149,130 | 3,748,490 | 3,584,890 | 3,262,600 | 3,001,030 | 2,638,780 | 2,364,600 | 2,202,460 | 2,457,430 | 2,189,370 | 2,039,780 | 1,702,610 | 1,499,370 | 1,225,470 | 1,138,180 |
| 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 |
| Current ratio | 8.42 | 8.16 | 7.89 | 6.62 | 7.03 | 7.36 | 7.13 | 5.74 | 6.62 | 5.92 | 5.41 | 4.69 | 5.00 | 5.47 | 5.24 | 4.15 | 4.04 | 3.63 | 3.30 | 2.79 |
July 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,754,630K ÷ $683,281K
= 8.42
The current ratio of Copart Inc. has demonstrated a generally positive and upward trend over the period observed. Starting at 2.79 as of October 31, 2020, the ratio steadily increased, reaching a peak of approximately 8.42 on July 31, 2025. Notably, the ratio remained relatively stable above the 4.0 mark after April 2021, indicating a robust liquidity position.
This consistent improvement suggests that Copart Inc. has progressively enhanced its short-term liquidity position, suggesting strong ability to meet its short-term obligations with its current assets. The ratios during the period reflect a company managing its working capital efficiently, with a significant buffer evident in the later dates, especially from 2022 onwards. The high and rising current ratio levels imply that the firm maintains substantial liquid assets relative to its current liabilities, aligning with conservative liquidity management.
Overall, the data indicates a sustained emphasis on liquidity for Copart Inc., with ratios well above the typical threshold of 1.0, which minimizes liquidity risk and supports operational flexibility.