ESCO Technologies Inc (ESE)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 668,649 | 581,095 | 572,622 | 466,154 | 443,293 |
| Total current liabilities | US$ in thousands | 349,854 | 314,651 | 318,129 | 274,995 | 255,484 |
| Current ratio | 1.91 | 1.85 | 1.80 | 1.70 | 1.74 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $668,649K ÷ $349,854K
= 1.91
The current ratio of ESCO Technologies Inc has been showing a generally increasing trend over the past five years, starting at 1.74 in 2020 and reaching 1.91 in 2024. This indicates that the company's ability to meet its short-term obligations with its current assets has been improving over the years.
The current ratio of 1.91 as of September 30, 2024, suggests that the company has $1.91 in current assets for every $1 in current liabilities. This signifies a strong liquidity position, indicating that ESCO Technologies Inc should be able to comfortably cover its short-term financial obligations.
Overall, the upward trend in the current ratio indicates that ESCO Technologies Inc has been managing its current assets and liabilities effectively, which is a positive sign for investors and creditors assessing the company's short-term financial health.
Peer comparison
Sep 30, 2024