ESCO Technologies Inc (ESE)
Current ratio
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 581,095 | 572,622 | 466,154 | 443,293 | 495,194 |
| Total current liabilities | US$ in thousands | 314,651 | 318,129 | 274,995 | 255,484 | 251,635 |
| Current ratio | 1.85 | 1.80 | 1.70 | 1.74 | 1.97 |
September 30, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $581,095K ÷ $314,651K
= 1.85
The current ratio of Esco Technologies, Inc. has shown fluctuating trends over the past five years. As of September 30, 2023, the current ratio stands at 1.85, indicating an improvement from the previous year's 1.80. This suggests that the company's ability to meet its short-term obligations with its current assets has strengthened slightly. However, it is important to note that the current ratio was higher in 2019 at 1.97, which indicates a potential decrease in liquidity over the past four years. Overall, the current ratio trend signals the need for careful monitoring of the company's ability to manage its short-term financial obligations.
Peer comparison
Sep 30, 2023