GMS Inc (GMS)
Current ratio
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,639,320 | 1,549,520 | 1,423,130 | 1,102,250 | 966,622 |
| Total current liabilities | US$ in thousands | 757,050 | 706,281 | 689,198 | 562,501 | 475,059 |
| Current ratio | 2.17 | 2.19 | 2.06 | 1.96 | 2.03 |
April 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,639,320K ÷ $757,050K
= 2.17
The current ratio of GMS Inc has been relatively stable over the past five years, ranging from a low of 1.96 in April 2021 to a high of 2.19 in April 2023. As of April 30, 2024, the current ratio stands at 2.17, indicating that the company has $2.17 in current assets for every $1 in current liabilities. This suggests that GMS Inc is able to cover its short-term obligations comfortably, with a healthy buffer of current assets. A current ratio above 2 generally indicates that the company has good liquidity and is well-positioned to meet its short-term financial obligations. Overall, the trend in GMS Inc's current ratio reflects a solid liquidity position and a consistent ability to manage its short-term liabilities effectively over the years.
Peer comparison
Apr 30, 2024