Enerpac Tool Group Corp (EPAC)
Current ratio
| Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 355,640 | 342,380 | 357,435 | 341,132 | 730,325 |
| Total current liabilities | US$ in thousands | 148,120 | 153,188 | 134,764 | 105,522 | 300,401 |
| Current ratio | 2.40 | 2.24 | 2.65 | 3.23 | 2.43 |
August 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $355,640K ÷ $148,120K
= 2.40
The current ratio for Enerpac Tool Group Corp has varied over the past five years, reflecting the company's ability to meet its short-term obligations. In 2023, the current ratio stood at 2.40, indicating a slight improvement from the prior year's 2.24. Despite this improvement, the current ratio for 2023 remains below the ratio observed in 2020 when it was 3.23, suggesting a potential decrease in the company's short-term liquidity. The ratio for 2021, at 2.65, also surpassed the most recent figure. This suggests a potential trend of decreasing liquidity since 2020. However, the 2023 figure of 2.40 is still higher compared to the ratio in 2019, which was 2.43. This indicates that the company's current assets continue to exceed its current liabilities, albeit to a lesser extent than in 2020. The trend in Enerpac Tool Group Corp's current ratio suggests a potential moderation in its short-term solvency position.
Peer comparison
Aug 31, 2023