Helen of Troy Ltd (HELE)
Current ratio
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 931,712 | 996,308 | 900,635 | 831,563 | 843,918 | 956,438 | 888,692 | 856,057 | 892,041 | 1,122,400 | 1,237,820 | 1,176,500 | 1,082,080 | 1,164,990 | 1,091,770 | 1,056,070 | 971,937 | 1,090,070 | 951,918 | 757,036 |
| Total current liabilities | US$ in thousands | 466,259 | 517,772 | 508,696 | 427,675 | 450,811 | 543,716 | 472,395 | 440,791 | 412,158 | 522,702 | 583,111 | 603,335 | 602,690 | 625,308 | 600,235 | 571,735 | 614,892 | 598,505 | 500,335 | 365,929 |
| Current ratio | 2.00 | 1.92 | 1.77 | 1.94 | 1.87 | 1.76 | 1.88 | 1.94 | 2.16 | 2.15 | 2.12 | 1.95 | 1.80 | 1.86 | 1.82 | 1.85 | 1.58 | 1.82 | 1.90 | 2.07 |
February 28, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $931,712K ÷ $466,259K
= 2.00
Helen of Troy Ltd's current ratio has shown fluctuations over the past few years, ranging from a low of 1.58 on February 28, 2021, to a high of 2.16 on February 28, 2023. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
The current ratio peaked at 2.16 on February 28, 2023, indicating that Helen of Troy Ltd had $2.16 in current assets for every $1 in current liabilities. This suggests strong liquidity and indicates the company's ability to cover its short-term debts comfortably.
However, the current ratio decreased to 1.76 on November 30, 2023, and remained relatively stable around 1.8 in the subsequent periods. While a current ratio above 1 indicates the company has sufficient current assets to cover its current liabilities, the downward trend from the peak may warrant further monitoring to ensure the company maintains its liquidity position.
Most recently, the current ratio stood at 2.00 on February 28, 2025, showing an improvement from the previous period. This suggests that Helen of Troy Ltd's liquidity position has strengthened, with $2 in current assets available for every $1 in current liabilities. Overall, the current ratio trend indicates fluctuations in the company's liquidity position and points to the need for ongoing monitoring of its ability to meet short-term obligations.