H B Fuller Company (FUL)
Current ratio
| Dec 2, 2023 | Dec 3, 2022 | Nov 27, 2021 | Nov 28, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,312,100 | 1,299,380 | 1,221,170 | 1,019,780 | 1,033,360 |
| Total current liabilities | US$ in thousands | 692,811 | 705,732 | 736,850 | 530,132 | 542,157 |
| Current ratio | 1.89 | 1.84 | 1.66 | 1.92 | 1.91 |
December 2, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,312,100K ÷ $692,811K
= 1.89
The current ratio of H.B. Fuller Company has fluctuated over the past five years, ranging from 1.66 to 1.92. The ratio indicates the company's ability to meet its short-term obligations with its current assets. A higher current ratio is generally favorable as it suggests a stronger ability to pay current liabilities. H.B. Fuller's current ratio has shown variability, possibly reflecting changes in the company's liquidity position and management of current assets and liabilities. Overall, the current ratio indicates that the company has generally maintained a comfortable level of liquidity to meet its short-term obligations over the past five years. However, it would be advisable to further investigate the reasons behind the fluctuations in the current ratio to assess the company's short-term solvency more comprehensively.