H B Fuller Company (FUL)
Current ratio
| Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,296,850 | 1,312,100 | 1,241,390 | 1,317,950 | 1,340,920 | 1,299,380 | 1,420,930 | 1,409,010 | 1,348,620 | 1,221,170 | 1,204,460 | 1,166,940 | 1,076,600 | 1,019,780 | 989,429 | 1,007,870 | 1,028,230 | 1,033,360 | 1,080,890 | 1,108,760 |
| Total current liabilities | US$ in thousands | 653,177 | 692,811 | 618,346 | 660,832 | 643,176 | 705,732 | 737,391 | 721,983 | 721,936 | 736,850 | 709,734 | 651,672 | 568,245 | 530,132 | 455,436 | 491,762 | 543,315 | 542,157 | 457,587 | 517,576 |
| Current ratio | 1.99 | 1.89 | 2.01 | 1.99 | 2.08 | 1.84 | 1.93 | 1.95 | 1.87 | 1.66 | 1.70 | 1.79 | 1.89 | 1.92 | 2.17 | 2.05 | 1.89 | 1.91 | 2.36 | 2.14 |
March 2, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,296,850K ÷ $653,177K
= 1.99
The current ratio for H B Fuller Company has fluctuated over the past several quarters, ranging from 1.66 to 2.36. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities, which suggests the company is well positioned to cover its short-term obligations.
Looking at the trend, we observe that the current ratio reached its peak at 2.36 in the third quarter of 2019 before fluctuating in subsequent periods. The ratio dipped to a low of 1.66 in the first quarter of 2022, indicating potential liquidity challenges during that period. However, the current ratio has since recovered and has been relatively stable, ranging between 1.84 and 2.08 in recent quarters.
Overall, the current ratio for H B Fuller Company appears to have stabilized within a reasonable range over the past few quarters, indicating a healthy balance between current assets and liabilities. It is essential for the company to continue monitoring and managing its current assets and liabilities effectively to maintain liquidity and financial stability.