Helen of Troy Ltd (HELE)
Current ratio
| 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 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 682,836 | 729,239 | 711,371 | 635,994 |
| Total current liabilities | US$ in thousands | 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 | 338,896 | 317,899 | 317,857 | 289,058 |
| Current ratio | 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 | 2.01 | 2.29 | 2.24 | 2.20 |
February 29, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $843,918K ÷ $450,811K
= 1.87
The current ratio for Helen of Troy Ltd has shown some fluctuations over the past few periods, ranging from a low of 1.58 to a high of 2.29. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities.
Based on the trend observed, the current ratio has generally remained above 1.5, indicating that Helen of Troy Ltd typically has a healthy level of current assets to cover its short-term obligations. The company experienced a peak in its current ratio in February 2020 at 2.29, reflecting a strong liquidity position at that time. However, there have been some periods where the current ratio dipped below 2, such as in May 2021 and February 2021.
Overall, the current ratio for Helen of Troy Ltd has demonstrated a relatively stable financial position with the ability to meet its short-term obligations with its current assets. It is important to monitor the trend in the current ratio over time to ensure the company's liquidity remains at satisfactory levels.