Cintas Corporation (CTAS)

Current ratio

		May 31, 2025	May 31, 2024	May 31, 2023	May 31, 2022	May 31, 2021
Total current assets	US$ in thousands	—	3,185,210	2,938,460	2,631,980	2,843,310
Total current liabilities	US$ in thousands	—	1,828,520	1,230,060	1,432,890	1,934,080
Current ratio		—	1.74	2.39	1.84	1.47

May 31, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $—K ÷ $—K
= —

The current ratio for Cintas Corporation has demonstrated notable fluctuations over the specified period. As of May 31, 2021, the current ratio stood at 1.47, indicating that the company's current assets were approximately one and a half times its current liabilities, reflecting a relatively comfortable liquidity position. By May 31, 2022, the ratio increased significantly to 1.84, suggesting an improvement in liquidity and a relatively stronger ability to meet short-term obligations.

The upward trend continued into May 31, 2023, when the current ratio reached 2.39. This indicates a more robust liquidity position, with current assets more than twice current liabilities, which typically signifies a conservative liquidity stance and a lower risk of liquidity distress. However, subsequent data for May 31, 2024, shows a decline to 1.74. Although this ratio remains above 1.0—implying that current assets still exceed current liabilities—it indicates a decrease from the prior year, suggesting a potential slight tightening in liquidity.

Furthermore, the data for May 31, 2025, is unavailable or not provided, leaving the recent trend incomplete. Overall, the pattern exhibits a period of increasing liquidity from 2021 to 2023, followed by a slight decline in 2024. Throughout the observed timeframe, Cintas maintained a current ratio above 1.0, reflecting a generally stable liquidity profile with some variability that warrants ongoing monitoring to ensure continued capacity to fulfill short-term obligations.