Eagle Materials Inc (EXP)
Current ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 668,657 | 627,693 | 521,503 | 442,727 | 661,689 |
| Total current liabilities | US$ in thousands | 245,004 | 239,409 | 212,889 | 207,551 | 169,354 |
| Current ratio | 2.73 | 2.62 | 2.45 | 2.13 | 3.91 |
March 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $668,657K ÷ $245,004K
= 2.73
The current ratio of Eagle Materials Inc has shown a fluctuating trend over the past five years. Starting at a robust level of 3.91 on March 31, 2021, the ratio decreased significantly to 2.13 on March 31, 2022, indicating a potential liquidity concern. However, the company's liquidity position improved in the subsequent years, reaching 2.45 on March 31, 2023, 2.62 on March 31, 2024, and 2.73 on March 31, 2025.
While the current ratio has displayed some variability, it generally remained above 2 in the latter years, suggesting that Eagle Materials Inc has a healthy ability to meet its short-term obligations with its current assets. Overall, the company's current ratio reflects a reasonable liquidity position, with a positive trend in recent years.