Enerpac Tool Group Corp (EPAC)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 367,305 | 359,959 | 355,640 | 373,441 | 355,290 | 352,673 | 342,380 | 366,288 | 374,063 | 361,089 | 357,435 | 371,817 | 325,443 | 357,815 | 341,132 | 379,828 | 398,163 | 452,732 | 730,325 | 616,209 |
| 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 |
| Current ratio | 3.11 | 2.83 | 2.40 | 2.66 | 2.48 | 2.29 | 2.24 | 2.72 | 2.67 | 2.74 | 2.65 | 2.77 | 2.82 | 3.26 | 3.23 | 3.10 | 3.07 | 2.88 | 2.43 | 2.64 |
February 29, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $367,305K ÷ $118,149K
= 3.11
The current ratio of Enerpac Tool Group Corp has shown a generally positive trend over the past few quarters, indicating a strong liquidity position. As of Feb 29, 2024, the current ratio is 3.11, indicating that the company has $3.11 in current assets for every $1 in current liabilities.
The current ratio has consistently remained above 2.0, which is considered a healthy benchmark for most industries. This signifies that Enerpac Tool Group Corp has a comfortable cushion of current assets to cover its short-term obligations.
The highest current ratio observed was 3.26 in May 31, 2020, while the lowest was 2.24 in Aug 31, 2022. Despite some fluctuations, the general trend of the current ratio has been upward, reflecting improved liquidity and the ability to meet short-term obligations.
Overall, the current ratio analysis suggests that Enerpac Tool Group Corp is in a strong financial position in terms of liquidity and short-term solvency. However, it is important to complement this analysis with other financial metrics to gain a comprehensive understanding of the company's financial health.
Peer comparison
Feb 29, 2024