Hawkins Inc (HWKN)
Current ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 202,826 | 232,044 | 227,738 | 163,007 | 131,031 |
| Total current liabilities | US$ in thousands | 103,307 | 90,871 | 101,466 | 70,462 | 62,220 |
| Current ratio | 1.96 | 2.55 | 2.24 | 2.31 | 2.11 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $202,826K ÷ $103,307K
= 1.96
The current ratio of Hawkins Inc has exhibited fluctuations over the past five years. As of March 31, 2024, the current ratio stands at 1.96, indicating a decline from the previous year. While the current ratio was at its highest in March 2023 at 2.55, it decreased in the subsequent years but remained above 2 in general.
A current ratio above 1 typically suggests that Hawkins Inc possesses more current assets than current liabilities, indicating the company's ability to meet its short-term obligations. However, a decreasing trend in the current ratio may be a cause for concern, as it could imply a reduction in liquidity or an increase in short-term liabilities relative to assets.
Further analysis of the components of current assets and liabilities would be necessary to fully interpret the dynamics impacting Hawkins Inc's liquidity position and financial health.
Peer comparison
Mar 31, 2024