Enerpac Tool Group Corp (EPAC)

Current 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
Total current assets US$ in thousands 372,258 347,798 367,305 359,959 355,640 373,441 355,290 352,673 342,380 366,288 374,063 361,089 357,435 371,817 325,443 357,815 341,132 379,828 398,163 452,732
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
Current ratio 2.88 2.85 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

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 varied over the past few years, ranging from a low of 2.24 to a high of 3.26. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets. A higher current ratio indicates a better ability to meet short-term obligations.

In recent periods, the current ratio has generally remained above 2, indicating that Enerpac Tool Group Corp has had sufficient current assets to cover its current liabilities. The current ratio saw a peak of 3.26 in November 2020, suggesting a stronger liquidity position at that time.

While the current ratio has fluctuated, it has generally been above 2, which is considered a healthy sign. Investors and creditors typically look for a current ratio of at least 2 to ensure that a company can comfortably meet its short-term obligations. Enerpac Tool Group Corp's current ratio performance indicates a relatively stable liquidity position over the periods analyzed.


Peer comparison

Aug 31, 2024

Company name
Symbol
Current ratio
Enerpac Tool Group Corp
EPAC
2.88
Curtiss-Wright Corporation
CW
2.13
Eaton Corporation PLC
ETN
1.51