Lindsay Corporation (LNN)
Current ratio
| 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 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 493,212 | 488,718 | 500,713 | 501,302 | 487,484 | 491,252 | 480,121 | 481,407 | 477,101 | 475,434 | 450,257 | 426,333 | 416,103 | 417,725 | 375,616 | 356,450 | 347,935 | 339,187 | 325,017 | 316,631 |
| Total current liabilities | US$ in thousands | 125,816 | 123,737 | 129,278 | 141,971 | 136,108 | 133,048 | 132,788 | 148,585 | 160,942 | 173,814 | 161,402 | 147,782 | 138,240 | 144,156 | 114,836 | 102,387 | 102,395 | 107,217 | 87,821 | 84,801 |
| Current ratio | 3.92 | 3.95 | 3.87 | 3.53 | 3.58 | 3.69 | 3.62 | 3.24 | 2.96 | 2.74 | 2.79 | 2.88 | 3.01 | 2.90 | 3.27 | 3.48 | 3.40 | 3.16 | 3.70 | 3.73 |
August 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $493,212K ÷ $125,816K
= 3.92
The current ratio of Lindsay Corporation has shown fluctuations over the analyzed periods. The current ratio measures the company's ability to meet its short-term obligations with its current assets.
In the most recent period, as of August 31, 2024, the current ratio stands at 3.92, indicating that the company has $3.92 in current assets for every dollar of current liabilities. This suggests a healthy liquidity position, as the company has a strong ability to cover its short-term obligations.
Looking back over the past few quarters, the current ratio has generally been above 3.0, reflecting a consistent ability to meet short-term obligations. There was a slight decline in the current ratio in the previous two quarters compared to the peak in May 2022, but it remains at a robust level.
Overall, Lindsay Corporation's current ratio trend indicates a solid liquidity position, with the company having a significant buffer of current assets to cover its current liabilities. This level of liquidity should provide confidence to stakeholders regarding the company's short-term financial health and ability to manage its working capital effectively.
Peer comparison
Aug 31, 2024