Enerpac Tool Group Corp (EPAC)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 167,094 | 132,362 | 153,693 | 147,956 | 154,415 | 142,001 | 124,663 | 129,243 | 120,699 | 123,705 | 133,430 | 126,533 | 140,352 | 136,279 | 115,254 | 158,568 | 152,170 | 163,603 | 163,437 | 206,780 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 104,335 | 107,617 | 97,590 | 94,925 | 97,649 | 103,565 | 100,339 | 97,707 | 106,747 | 117,029 | 113,460 | 112,293 | 103,233 | 112,590 | 94,984 | 90,531 | 84,170 | 93,796 | 113,294 | 122,027 |
| 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 |
| Quick ratio | 2.10 | 1.97 | 2.13 | 1.91 | 1.70 | 1.75 | 1.57 | 1.47 | 1.48 | 1.79 | 1.76 | 1.81 | 1.81 | 1.85 | 1.82 | 2.27 | 2.24 | 2.10 | 2.14 | 2.09 |
August 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($167,094K
+ $—K
+ $104,335K)
÷ $129,393K
= 2.10
The quick ratio of Enerpac Tool Group Corp has been relatively stable over the past few years, ranging from 1.47 to 2.27. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio above 1 indicates that the company has enough liquid assets to cover its current liabilities.
The quick ratio reached its lowest point at 1.47 in November 2022, which may have signaled some liquidity concerns at that time. However, the ratio improved in subsequent periods, with the highest value of 2.27 recorded in November 2020, indicating a strong liquidity position.
Overall, the trend in the quick ratio suggests that Enerpac Tool Group Corp has generally maintained a healthy liquidity position, with the ability to comfortably meet its short-term obligations using its liquid assets.
Peer comparison
Aug 31, 2024