Eagle Materials Inc (EXP)

Current ratio

		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	Sep 30, 2019	Jun 30, 2019
Total current assets	US$ in thousands	627,693	587,731	611,806	616,041	521,503	491,278	552,874	547,139	442,727	415,347	472,111	731,303	661,689	528,558	648,407	771,593	678,217	507,799	487,055	466,517
Total current liabilities	US$ in thousands	239,409	225,513	224,535	229,697	212,889	208,300	223,321	228,635	207,551	193,675	188,645	189,013	169,354	163,061	163,085	200,033	169,697	163,326	194,775	192,956
Current ratio		2.62	2.61	2.72	2.68	2.45	2.36	2.48	2.39	2.13	2.14	2.50	3.87	3.91	3.24	3.98	3.86	4.00	3.11	2.50	2.42

March 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $627,693K ÷ $239,409K
= 2.62

The current ratio of Eagle Materials Inc has been relatively stable over the past several quarters, ranging from 2.13 to 2.72. The company's current ratio indicates its ability to meet its short-term obligations with its current assets.

Eagle Materials Inc's current ratio has generally remained above 2, indicating that the company has a strong ability to cover its current liabilities with its current assets. A current ratio above 1 typically suggests that a company has more than enough current assets to cover its short-term liabilities.

While the current ratio fluctuated slightly between quarters, it has generally been above 2 in recent periods, which is a positive sign for the company's liquidity and ability to meet its short-term financial obligations. It is important for investors and stakeholders to monitor this metric over time to assess the company's financial health and liquidity position.