Copart Inc (CPRT)

Current ratio

		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	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019
Total current assets	US$ in thousands	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	963,759	794,152	731,963	744,076
Total current liabilities	US$ in thousands	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	356,044	286,568	342,837	323,318
Current ratio		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	2.71	2.77	2.14	2.30

July 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $4,418,180K ÷ $628,567K
= 7.03

The current ratio of Copart Inc has shown a generally increasing trend over the past five years, starting at 2.30 in October 2019 and steadily climbing to 7.36 in April 2024. This indicates that the company's current assets have consistently exceeded its current liabilities over the period, providing a strong indication of its ability to cover short-term obligations. The current ratio peaked in April 2024 at 7.36, reflecting a significant improvement in liquidity compared to previous periods. Overall, the trend in the current ratio suggests that Copart Inc has maintained a healthy liquidity position, which is crucial for meeting its short-term financial commitments.