Enerpac Tool Group Corp (EPAC)
Cash ratio
| Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 167,094 | 132,362 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 129,393 | 121,991 | 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 |
| Cash ratio | 1.29 | 1.09 | 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 |
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 shown some fluctuation over the past several periods. The cash ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio indicates a stronger ability to cover short-term obligations.
Looking at the data provided, the cash ratio has ranged from 0.79 to 1.45 over the past twenty periods. The ratio has generally stayed above 1.0, indicating that Enerpac Tool Group Corp has had sufficient cash on hand to meet its short-term obligations during these periods.
The highest cash ratio of 1.45 was reported in November 2020, suggesting a strong liquidity position for the company at that time. On the other hand, the lowest cash ratio of 0.79 was observed in August 2022, indicating a relatively lower level of cash compared to short-term liabilities.
Overall, the trend in the cash ratio for Enerpac Tool Group Corp shows fluctuations but generally remains at levels indicating a healthy liquidity position. It is important for the company to maintain a balance between cash reserves and investing excess cash to generate returns for shareholders while ensuring sufficient liquidity to meet short-term obligations.
Peer comparison
Aug 31, 2024