Greif Bros Corporation (GEF)

Current ratio

		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	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Total current assets	US$ in thousands	1,389,300	1,369,100	1,443,400	1,481,700	1,471,500	1,499,400	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	1,307,600	1,249,000	1,341,800	1,353,100
Total current liabilities	US$ in thousands	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	824,200	825,400	837,000	809,400
Current ratio		1.57	1.46	1.52	1.58	1.67	1.43	1.48	1.44	1.33	1.27	1.26	1.25	1.36	1.30	1.43	1.48	1.59	1.51	1.60	1.67

January 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,389,300K ÷ $882,700K
= 1.57

Greif Inc's current ratio has fluctuated over the past few quarters, ranging from a low of 1.43 in Q4 2022 to a high of 1.67 in Q1 2023. The current ratio indicates the company's ability to cover its short-term obligations with its current assets. A current ratio above 1 suggests that the company has more current assets than current liabilities, which is generally seen as favorable.

In Q1 2024, Greif Inc's current ratio stood at 1.57, reflecting an improvement from the previous quarter. This indicates that the company had $1.57 in current assets for every $1 in current liabilities. While the current ratio has remained relatively stable around the 1.5 range, investors and analysts may want to monitor any significant deviations from this trend to assess Greif Inc's liquidity position and financial health.