Enerpac Tool Group Corp (EPAC)
Current ratio
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 372,258 | 355,640 | 342,380 | 357,435 | 341,132 |
| Total current liabilities | US$ in thousands | 129,393 | 148,120 | 153,188 | 134,764 | 105,522 |
| Current ratio | 2.88 | 2.40 | 2.24 | 2.65 | 3.23 |
August 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $372,258K ÷ $129,393K
= 2.88
The current ratio of Enerpac Tool Group Corp has fluctuated over the past five years. As of August 31, 2024, the current ratio stands at 2.88, exhibiting an improvement compared to the previous year where it was 2.40. This indicates that the company's current assets are sufficient to cover its current liabilities, with a higher ratio suggesting better short-term liquidity and financial health.
Although the current ratio dipped in 2022 to 2.24, it rebounded in 2023 to 2.40 and continued to strengthen in 2024. The current ratio peaked in 2020 at 3.23, showing the highest level of liquidity over the period examined.
Overall, Enerpac Tool Group Corp has shown consistency in maintaining current assets to cover its short-term obligations. It is important to monitor future trends to ensure the company maintains a healthy liquidity position.
Peer comparison
Aug 31, 2024