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 | ||
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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