MSC Industrial Direct Company Inc (MSM)
Current ratio
| Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Sep 3, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,264,910 | 1,270,970 | 1,317,510 | 1,316,220 | 1,314,770 | 1,558,570 | 1,543,620 | 1,467,560 | 1,416,810 | 1,348,410 | 1,314,240 | 1,307,670 | 1,185,350 | 1,148,320 | 1,237,770 | 1,555,950 | 1,212,550 | 1,170,820 | 1,199,610 | 1,215,770 |
| Total current liabilities | US$ in thousands | 630,430 | 627,858 | 649,436 | 683,475 | 645,281 | 726,761 | 725,944 | 619,806 | 597,171 | 586,275 | 561,928 | 768,816 | 553,214 | 513,989 | 408,733 | 592,011 | 694,558 | 403,828 | 446,916 | 486,068 |
| Current ratio | 2.01 | 2.02 | 2.03 | 1.93 | 2.04 | 2.14 | 2.13 | 2.37 | 2.37 | 2.30 | 2.34 | 1.70 | 2.14 | 2.23 | 3.03 | 2.63 | 1.75 | 2.90 | 2.68 | 2.50 |
March 2, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,264,910K ÷ $630,430K
= 2.01
The current ratio of MSC Industrial Direct Company Inc has exhibited some fluctuations over the past few quarters, ranging from a low of 1.70 to a high of 3.03. The current ratio, which measures the company's ability to cover its short-term liabilities with its current assets, has generally been above 2. This indicates that MSC Industrial Direct Company Inc has had a comfortable cushion of current assets to meet its short-term obligations throughout the periods analyzed.
With a current ratio consistently above 2, the company has shown a strong liquidity position and ability to manage its short-term financial obligations effectively. However, it is worth noting that the current ratio dipped to 1.70 in the third quarter of 2021, which may indicate a temporary strain on liquidity during that period. Overall, the trend of the current ratio suggests that MSC Industrial Direct Company Inc has maintained a healthy liquidity position over the past few quarters.
Peer comparison
Mar 2, 2024