Enersys (ENS)
Current ratio
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jul 5, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,782,700 | 1,772,280 | 1,786,250 | 1,753,050 | 1,895,880 | 1,870,190 | 1,960,680 | 2,012,190 | 1,993,190 | 1,843,450 | 1,768,860 | 1,699,800 | 1,691,320 | 1,684,150 | 1,564,080 | 1,524,940 | 1,562,900 | 1,522,440 | 1,639,810 | 1,519,870 |
| Total current liabilities | US$ in thousands | 723,857 | 662,895 | 665,267 | 635,651 | 718,320 | 669,961 | 672,491 | 655,431 | 738,130 | 622,061 | 604,833 | 604,743 | 676,988 | 605,632 | 566,854 | 543,281 | 600,319 | 594,015 | 565,639 | 598,888 |
| Current ratio | 2.46 | 2.67 | 2.69 | 2.76 | 2.64 | 2.79 | 2.92 | 3.07 | 2.70 | 2.96 | 2.92 | 2.81 | 2.50 | 2.78 | 2.76 | 2.81 | 2.60 | 2.56 | 2.90 | 2.54 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,782,700K ÷ $723,857K
= 2.46
Enersys' current ratio has fluctuated over the past several quarters, ranging from a low of 2.46 to a high of 3.07. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a stronger liquidity position, as the company has more current assets to cover its current liabilities.
Enersys' current ratio peaked at 3.07 in June 30, 2022, suggesting a robust ability to meet short-term obligations at that time. However, the current ratio has generally decreased since then, indicating a potential decrease in liquidity or an increase in short-term liabilities compared to current assets.
The current ratio of 2.46 as of March 31, 2024, indicates that Enersys had $2.46 in current assets for every $1 in current liabilities. While the current ratio is still above 2, which is usually considered healthy, the downward trend should be monitored to ensure the company's liquidity position remains stable. Further analysis of the composition of current assets and liabilities would provide a more detailed understanding of Enersys' liquidity management.
Peer comparison
Mar 31, 2024