Enerpac Tool Group Corp (EPAC)
Cash ratio
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 167,094 | 154,415 | 120,699 | 140,352 | 152,170 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 129,393 | 148,120 | 153,188 | 134,764 | 105,522 |
| Cash ratio | 1.29 | 1.04 | 0.79 | 1.04 | 1.44 |
August 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($167,094K
+ $—K)
÷ $129,393K
= 1.29
The cash ratio of Enerpac Tool Group Corp has fluctuated over the past five years. In 2024, the cash ratio stands at 1.29, indicating that the company has $1.29 in cash and cash equivalents for every $1 of current liabilities. This represents an improvement from 2023 when the ratio was 1.04.
In 2022, the cash ratio decreased to 0.79, reflecting a lower level of liquidity compared to the previous years. The company's ability to cover its short-term obligations with its cash and cash equivalents was weaker in 2022.
However, in 2021, the cash ratio improved to 1.04, matching the ratio from 2023. This suggests a better liquidity position compared to 2022.
The highest cash ratio of 1.44 was observed in 2020, indicating a strong ability to meet short-term obligations with available cash reserves.
Overall, the trend in Enerpac Tool Group Corp's cash ratio shows variability, with fluctuations in liquidity levels over the years. It is important for the company to closely monitor its cash position to ensure it can effectively manage its short-term financial obligations.
Peer comparison
Aug 31, 2024