H B Fuller Company (FUL)
Current ratio
| Nov 30, 2024 | Dec 2, 2023 | Dec 3, 2022 | Nov 27, 2021 | Nov 28, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,299,200 | 1,312,100 | 1,299,380 | 1,221,170 | 1,019,780 |
| Total current liabilities | US$ in thousands | 719,290 | 692,811 | 705,732 | 736,850 | 530,132 |
| Current ratio | 1.81 | 1.89 | 1.84 | 1.66 | 1.92 |
November 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,299,200K ÷ $719,290K
= 1.81
The current ratio of H B Fuller Company has exhibited fluctuations over the past five years. In November 2020, the current ratio was 1.92, indicating that the company had $1.92 in current assets for every dollar of current liabilities. This ratio decreased to 1.66 by November 2021, suggesting a potential strain on the company's short-term liquidity.
However, there was a subsequent improvement in the current ratio to 1.84 in December 2022, followed by a further increase to 1.89 in December 2023. These increases indicate a strengthening of the company's liquidity position and its ability to meet its short-term obligations.
Despite these improvements, the current ratio slightly declined to 1.81 by November 2024. While still above 1, which generally indicates good liquidity, a lower current ratio compared to previous years may signal a lower level of short-term assets relative to short-term liabilities.
Overall, the trend in H B Fuller Company's current ratio reflects fluctuations in its liquidity position over the past five years, indicating the importance of carefully monitoring short-term financial health to ensure the company can meet its immediate financial obligations.
Peer comparison
Nov 30, 2024