ESCO Technologies Inc (ESE)
Current ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 668,649 | 652,895 | 621,922 | 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 |
| Total current liabilities | US$ in thousands | 349,854 | 311,207 | 288,930 | 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 |
| Current ratio | 1.91 | 2.10 | 2.15 | 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 |
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 relatively stable over the past few years, ranging from 1.70 to 2.15. In general, a current ratio above 1 indicates that the company has more current assets than current liabilities, which is a positive sign of short-term liquidity.
The current ratio peaked at 2.15 in March 2024 and has since decreased slightly to 1.91 as of September 30, 2024. Despite the slight decline, the current ratio remains above 1.5, which is often considered a benchmark for financial health.
Overall, ESCO Technologies Inc seems to have a strong ability to cover its short-term obligations with its current assets. However, it is important to monitor any fluctuations in the current ratio over time to assess the company's liquidity position accurately.
Peer comparison
Sep 30, 2024