Greif Bros Corporation (GEF)
Current ratio
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,597,100 | 1,548,700 | 1,713,300 | 1,614,200 | 1,389,300 | 1,369,100 | 1,443,400 | 1,481,700 | 1,471,500 | 1,489,800 | 1,647,700 | 1,616,800 | 1,704,000 | 1,664,100 | 1,566,900 | 1,382,700 | 1,346,300 | 1,302,800 | 1,305,900 | 1,247,900 |
| Total current liabilities | US$ in thousands | 877,500 | 1,014,400 | 1,010,200 | 1,026,400 | 882,700 | 939,300 | 951,200 | 937,400 | 880,500 | 1,047,900 | 1,116,000 | 1,121,900 | 1,280,500 | 1,314,100 | 1,241,700 | 1,109,900 | 990,500 | 1,000,100 | 914,900 | 840,500 |
| Current ratio | 1.82 | 1.53 | 1.70 | 1.57 | 1.57 | 1.46 | 1.52 | 1.58 | 1.67 | 1.42 | 1.48 | 1.44 | 1.33 | 1.27 | 1.26 | 1.25 | 1.36 | 1.30 | 1.43 | 1.48 |
January 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,597,100K ÷ $877,500K
= 1.82
The current ratio of Greif Bros Corporation has shown fluctuations over the past few years. As of January 31, 2025, the current ratio stands at 1.82, indicating that the company has $1.82 in current assets for every $1 in current liabilities. This suggests that Greif Bros Corporation is in a strong position to meet its short-term financial obligations.
Looking at the trend, we see that the current ratio has generally been increasing since April 30, 2021, when it was at 1.25. This upward trend indicates that the company's liquidity position has been improving over time. However, it is essential to note that there have been some fluctuations in the ratio during this period, which may reflect changes in the company's asset and liability composition.
Overall, a current ratio above 1.0 typically indicates that a company has the ability to cover its short-term liabilities with its current assets. With a current ratio of 1.82 as of January 31, 2025, Greif Bros Corporation appears to have a healthy liquidity position, which is essential for sustaining its operations and meeting its financial obligations in the short term.