Enersys (ENS)
Quick ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 343,131 | 333,324 | 346,665 | 402,488 | 451,808 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 597,942 | 584,212 | 693,411 | 796,028 | 660,957 |
| Total current liabilities | US$ in thousands | 775,068 | 723,857 | 718,320 | 738,130 | 676,988 |
| Quick ratio | 1.21 | 1.27 | 1.45 | 1.62 | 1.64 |
March 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($343,131K
+ $—K
+ $597,942K)
÷ $775,068K
= 1.21
The quick ratio of Enersys has shown a declining trend over the past five years, indicating a potential weakening liquidity position. Starting at 1.64 on March 31, 2021, the quick ratio decreased to 1.21 by March 31, 2025. This downward trajectory suggests that the company may be less capable of meeting its short-term obligations with its most liquid assets. While the quick ratio above 1 indicates the company can cover its current liabilities with its quick assets, the consistent decline raises concerns about Enersys's liquidity management and ability to address immediate financial obligations. Further analysis of the company's financial health and operational efficiency is recommended to better understand the reasons behind this trend.
Peer comparison
Mar 31, 2025