Greenbrier Companies Inc (GBX)
Current ratio
| Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,167,800 | 1,104,000 | 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 |
| Total current liabilities | US$ in thousands | 1,017,000 | 587,800 | 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 |
| Current ratio | 1.15 | 1.88 | 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 |
August 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,167,800K ÷ $1,017,000K
= 1.15
The current ratio of Greenbrier Companies Inc has exhibited fluctuations over the past few quarters. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, was relatively high at 2.94 as of November 30, 2020. However, it has since decreased to 1.15 as of August 31, 2024.
A current ratio of 1.15 as of August 31, 2024, indicates that Greenbrier Companies Inc may have a lower ability to meet its short-term obligations with its current assets. A ratio below 1 suggests that the company may have difficulties meeting its short-term liabilities with its current asset resources alone.
It is essential for the company to closely monitor its current ratio and take appropriate actions to improve liquidity and ensure that it can meet its short-term obligations as they come due. Investors and stakeholders may also be interested in tracking the trend of the current ratio to assess the company's financial health and stability.
Peer comparison
Aug 31, 2024