Enersys (ENS)
Current ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,782,700 | 1,895,880 | 1,993,190 | 1,691,320 | 1,562,900 |
| Total current liabilities | US$ in thousands | 723,857 | 718,320 | 738,130 | 676,988 | 600,319 |
| Current ratio | 2.46 | 2.64 | 2.70 | 2.50 | 2.60 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,782,700K ÷ $723,857K
= 2.46
The current ratio of Enersys has exhibited a declining trend over the past five years, decreasing from 2.60 in 2020 to 2.46 in 2024. Despite this decrease, the company's current ratio remains above 2 in all years, indicating that Enersys has more than enough current assets to cover its current liabilities. A current ratio above 1 suggests that the company is able to meet its short-term obligations, with higher ratios generally indicating a stronger liquidity position. While the declining trend may raise some concerns about Enersys' short-term liquidity management, the current ratios are still at a satisfactory level, providing a buffer against potential financial challenges in the near future.
Peer comparison
Mar 31, 2024