Enersys (ENS)
Quick ratio
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 343,131 | 463,164 | 407,919 | 344,069 | 333,324 | 332,714 | 327,751 | 258,342 | 346,665 | 298,081 | 294,423 | 383,243 | 402,488 | 397,060 | 407,506 | 406,233 | 451,808 | 488,651 | 414,232 | 384,379 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 597,942 | 545,223 | 549,011 | 507,925 | 584,212 | 498,499 | 536,501 | 566,498 | 693,411 | 581,753 | 705,481 | 697,116 | 796,028 | 636,049 | 584,584 | 580,961 | 660,957 | 547,462 | 499,781 | — |
| Total current liabilities | US$ in thousands | 775,068 | 710,401 | 692,438 | 685,793 | 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 |
| Quick ratio | 1.21 | 1.42 | 1.38 | 1.24 | 1.27 | 1.25 | 1.30 | 1.30 | 1.45 | 1.31 | 1.49 | 1.65 | 1.62 | 1.66 | 1.64 | 1.63 | 1.64 | 1.71 | 1.61 | 0.71 |
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, also known as the acid-test ratio, is a liquidity ratio that measures a company's ability to pay off its current liabilities with its most liquid assets. A quick ratio of 1 or higher is generally considered satisfactory as it indicates that a company has enough liquid assets to cover its short-term liabilities.
In the case of Enersys, the quick ratio has fluctuated over the years based on the data provided. It was 0.71 on July 5, 2020, indicating a potential liquidity issue as the ratio was below 1. However, the ratio improved significantly to 1.61 on September 30, 2020, and further increased to 1.71 on December 31, 2020, signaling a stronger liquidity position.
From December 2020 to September 2022, the quick ratio remained relatively stable, ranging between 1.49 and 1.66, suggesting that Enersys continued to maintain a healthy liquidity position during this period. However, in the following quarters up to December 2024, the quick ratio experienced some fluctuations between 1.24 and 1.42, with the ratio generally staying above 1, indicating that the company continued to have sufficient liquid assets to meet its short-term obligations.
Overall, based on the quick ratio data provided until March 31, 2025, Enersys has generally demonstrated a strong liquidity position, with the ratio consistently above 1 for most of the time period analyzed. It is important for stakeholders to continue monitoring the company's quick ratio to ensure that it remains at a satisfactory level to meet its short-term financial obligations.
Peer comparison
Mar 31, 2025