Enersys (ENS)
Cash ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 343,131 | 333,324 | 346,665 | 402,488 | 451,808 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 775,068 | 723,857 | 718,320 | 738,130 | 676,988 |
| Cash ratio | 0.44 | 0.46 | 0.48 | 0.55 | 0.67 |
March 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($343,131K
+ $—K)
÷ $775,068K
= 0.44
The cash ratio of Enersys has shown a declining trend over the past five years, from 0.67 as of March 31, 2021, to 0.44 as of March 31, 2025. This indicates that the company's ability to cover its short-term liabilities with its cash and cash equivalents has decreased over the years. A decreasing cash ratio may suggest potential liquidity concerns if the trend persists, as it reflects a lower level of readily available cash to meet immediate obligations. Enersys should continue to monitor its liquidity position and explore strategies to improve its cash reserves to ensure financial stability in the future.
Peer comparison
Mar 31, 2025