Enerpac Tool Group Corp (EPAC)
Cash ratio
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 153,693 | 147,956 | 154,415 | 142,001 | 124,663 | 129,243 | 120,699 | 123,705 | 133,430 | 126,533 | 140,352 | 136,279 | 115,254 | 158,568 | 152,170 | 163,603 | 163,437 | 206,780 | 211,151 | 201,334 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 118,149 | 126,984 | 148,120 | 140,223 | 143,419 | 154,146 | 153,188 | 134,526 | 140,316 | 131,636 | 134,764 | 134,443 | 115,255 | 109,704 | 105,522 | 122,539 | 129,561 | 157,270 | 300,401 | 233,563 |
| Cash ratio | 1.30 | 1.17 | 1.04 | 1.01 | 0.87 | 0.84 | 0.79 | 0.92 | 0.95 | 0.96 | 1.04 | 1.01 | 1.00 | 1.45 | 1.44 | 1.34 | 1.26 | 1.31 | 0.70 | 0.86 |
February 29, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($153,693K
+ $—K)
÷ $118,149K
= 1.30
The cash ratio of Enerpac Tool Group Corp has shown fluctuations over the past few periods. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
The trend indicates that the company has generally maintained a healthy cash position compared to its short-term obligations. The ratio increased from 0.86 in November 2019 to 1.30 in February 2024, suggesting an improvement in the company's liquidity position over this period.
An increasing cash ratio signifies that Enerpac Tool Group Corp has been able to enhance its ability to meet its short-term liabilities using its available cash resources. This can be seen as a positive indicator of the company's financial health and its ability to manage its short-term obligations effectively.
However, it is essential to monitor the cash ratio over time to ensure that the company maintains a sufficient level of liquidity to meet its short-term financial commitments without relying heavily on external financing.
Peer comparison
Feb 29, 2024