GMS Inc (GMS)
Cash ratio
| 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 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 166,148 | 88,341 | 76,517 | 81,449 | 164,745 | 186,663 | 124,201 | 106,613 | 101,916 | 86,975 | 59,310 | 43,590 | 167,012 | 150,573 | 118,168 | 139,709 | 210,909 | 40,949 | 36,269 | 24,123 |
| Short-term investments | US$ in thousands | — | 2,200 | 4,000 | 4,000 | — | 810 | 3,300 | 1,803 | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 757,050 | 624,362 | 666,312 | 648,172 | 706,281 | 619,550 | 680,767 | 666,627 | 689,198 | 587,480 | 636,575 | 578,272 | 562,501 | 380,199 | 376,936 | 367,775 | 475,059 | 350,523 | 375,924 | 353,999 |
| Cash ratio | 0.22 | 0.15 | 0.12 | 0.13 | 0.23 | 0.30 | 0.19 | 0.16 | 0.15 | 0.15 | 0.09 | 0.08 | 0.30 | 0.40 | 0.31 | 0.38 | 0.44 | 0.12 | 0.10 | 0.07 |
April 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($166,148K
+ $—K)
÷ $757,050K
= 0.22
The cash ratio for GMS Inc has fluctuated over the past few quarters. The cash ratio indicates the company's ability to cover its short-term liabilities with its available cash and cash equivalents.
In the most recent quarter, the cash ratio was 0.22, showing an improvement from the previous quarter's ratio of 0.15. This suggests that GMS Inc had a higher proportion of cash and cash equivalents relative to its current liabilities.
Looking back further, the cash ratio was relatively stable around 0.15 to 0.30 in the prior quarters. However, there was a notable increase in the cash ratio in the quarter ended Jan 31, 2023, when it reached 0.30. This could indicate a strong liquidity position during that period.
Overall, GMS Inc's cash ratio has exhibited variability but generally remains at levels that demonstrate the company's ability to cover its short-term obligations with its available cash. Monitoring this ratio over time can provide insights into the company's liquidity management and financial health.
Peer comparison
Apr 30, 2024