ESCO Technologies Inc (ESE)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 603,202 | 581,095 | 593,822 | 570,140 | 534,771 | 572,622 | 553,465 | 513,398 | 484,802 | 466,154 | 470,865 | 428,100 | 452,245 | 443,293 | 513,484 | 511,600 | 498,298 | 495,194 | 450,206 | 435,959 |
| Total current liabilities | US$ in thousands | 304,693 | 314,651 | 308,951 | 297,055 | 292,760 | 318,129 | 292,095 | 277,795 | 265,874 | 274,995 | 253,392 | 246,583 | 254,623 | 255,484 | 242,415 | 251,029 | 252,030 | 251,635 | 199,736 | 201,945 |
| Current ratio | 1.98 | 1.85 | 1.92 | 1.92 | 1.83 | 1.80 | 1.89 | 1.85 | 1.82 | 1.70 | 1.86 | 1.74 | 1.78 | 1.74 | 2.12 | 2.04 | 1.98 | 1.97 | 2.25 | 2.16 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $603,202K ÷ $304,693K
= 1.98
Esco Technologies, Inc.'s current ratio has exhibited some variability over the past eight quarters, ranging from a low of 1.80 in Q4 2022 to a high of 1.98 in Q1 2024. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered a positive sign of financial health.
The current ratio for Esco Technologies, Inc. has generally been above 1.85 in recent quarters, suggesting that the company has a comfortable cushion of current assets to cover its short-term liabilities. This indicates that the company is likely able to meet its day-to-day operational expenses and short-term debt obligations without facing liquidity issues.
Overall, Esco Technologies, Inc.'s current ratio has shown consistency and strength in maintaining a healthy level of liquidity. However, it would be important to monitor any significant changes in the current ratio over time to assess the company's ongoing ability to manage its short-term financial obligations effectively.
Peer comparison
Dec 31, 2023