Enerpac Tool Group Corp (EPAC)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 211,151 | 201,334 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 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 | 125,883 | 202,808 |
| 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 |
| Quick ratio | 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 | 1.12 | 1.73 |
February 29, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($153,693K
+ $—K
+ $97,590K)
÷ $118,149K
= 2.13
The quick ratio of Enerpac Tool Group Corp has shown some fluctuation over the recent periods, ranging from a low of 1.12 to a high of 2.27. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets.
Overall, the quick ratio has generally been above 1, indicating that the company has had sufficient liquid assets to cover its current liabilities. A ratio above 1 suggests that the company is in a strong position to meet its short-term obligations without having to rely heavily on selling inventory.
The increasing trend in the quick ratio from 1.12 in May 2019 to 2.27 in Aug 2020 indicates an improvement in the company's liquidity position during that period. However, the ratio has since fluctuated within a range, showing some variability in the company's ability to cover its short-term liabilities.
It is important for investors and stakeholders to continue monitoring the quick ratio to assess the company's liquidity position and ability to meet its current obligations in the future.
Peer comparison
Feb 29, 2024