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.