CSW Industrials Inc (CSWI)
Current ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 331,410 | 323,056 | 300,147 | 219,118 | 150,045 |
| Total current liabilities | US$ in thousands | 115,836 | 108,039 | 117,402 | 82,748 | 59,146 |
| Current ratio | 2.86 | 2.99 | 2.56 | 2.65 | 2.54 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $331,410K ÷ $115,836K
= 2.86
The current ratio of CSW Industrials Inc has exhibited fluctuating trends over the past five years. As of March 31, 2024, the current ratio stands at 2.86, indicating that the company has $2.86 in current assets for every $1 in current liabilities. While this reflects a slight decrease from the prior year's ratio of 2.99, it remains at a relatively healthy level above 2, suggesting that the company is capable of meeting its short-term obligations using its current assets.
The company's current ratio has generally shown a stable and robust position, with values consistently above 2 over the past five years. This indicates a strong liquidity position and the ability to cover short-term liabilities comfortably. However, the slight downward trend in recent years may warrant monitoring to ensure that the company's liquidity remains sufficient to meet its current obligations effectively.
Overall, the current ratio analysis suggests that CSW Industrials Inc has maintained a solid liquidity position, although continued vigilance is advisable to ensure ongoing financial health and ability to meet short-term financial commitments.
Peer comparison
Mar 31, 2024