GMS Inc (GMS)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,639,320 | 1,500,910 | 1,547,430 | 1,535,100 | 1,549,520 | 1,567,650 | 1,596,660 | 1,530,000 | 1,423,130 | 1,391,640 | 1,365,090 | 1,192,530 | 1,102,250 | 906,107 | 874,403 | 878,863 | 966,622 | 789,009 | 829,676 | 811,012 |
| 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 |
| Current ratio | 2.17 | 2.40 | 2.32 | 2.37 | 2.19 | 2.53 | 2.35 | 2.30 | 2.06 | 2.37 | 2.14 | 2.06 | 1.96 | 2.38 | 2.32 | 2.39 | 2.03 | 2.25 | 2.21 | 2.29 |
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 shown varying levels over the past quarters, ranging from 1.96 to 2.53. The current ratio measures the company's ability to cover its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which implies a good level of liquidity.
In the most recent quarter, the current ratio was 2.17, indicating that GMS Inc had $2.17 in current assets for every $1 in current liabilities. This suggests a healthy liquidity position, although it has decreased slightly compared to the previous quarter.
Overall, the trend in the current ratio for GMS Inc has been relatively stable, with fluctuations within a reasonable range. It is essential for the company to continue monitoring its current ratio to ensure it maintains sufficient liquidity to meet its short-term obligations.
Peer comparison
Apr 30, 2024