Greenbrier Companies Inc (GBX)
Current ratio
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,099,900 | 1,201,400 | 1,105,300 | 1,239,200 | 1,312,900 | 1,167,100 | 1,398,100 | 1,360,800 | 1,421,300 | 1,148,400 | 1,332,500 | 1,256,470 | 1,178,590 | 1,214,830 | 1,363,270 | 1,410,700 | 879,014 | 987,408 | 994,377 | 951,724 |
| Total current liabilities | US$ in thousands | 585,100 | 962,500 | 789,700 | 1,021,600 | 1,032,900 | 967,000 | 1,021,700 | 900,600 | 873,400 | 1,056,700 | 899,413 | 761,206 | 724,410 | 710,386 | 463,880 | 905,504 | 537,094 | 518,894 | 595,475 | 499,058 |
| Current ratio | 1.88 | 1.25 | 1.40 | 1.21 | 1.27 | 1.21 | 1.37 | 1.51 | 1.63 | 1.09 | 1.48 | 1.65 | 1.63 | 1.71 | 2.94 | 1.56 | 1.64 | 1.90 | 1.67 | 1.91 |
February 29, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,099,900K ÷ $585,100K
= 1.88
The current ratio of Greenbrier Companies Inc has shown fluctuations over the past few quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio of 1 or higher generally indicates that the company is able to meet its short-term obligations.
In the most recent quarter, as of February 29, 2024, Greenbrier's current ratio stands at 1.88, which indicates an improvement in liquidity compared to the prior quarter. This suggests that the company had $1.88 in current assets for every $1 in current liabilities, highlighting a strong ability to cover its short-term obligations.
However, it is important to note that the current ratio has fluctuated over the past quarters, ranging from a low of 1.09 to a high of 2.94. These fluctuations may indicate changing levels of liquidity and working capital efficiency within the company. It would be beneficial to further analyze the components of current assets and liabilities to understand the drivers behind these changes and assess the sustainability of the current ratio in the long term.
Peer comparison
Feb 29, 2024