MSC Industrial Direct Company Inc (MSM)
Quick ratio
| Aug 31, 2024 | Jun 1, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 29,588 | 25,928 | 22,227 | 25,805 | 50,052 | 58,428 | 49,615 | 26,331 | 43,537 | 28,847 | 41,754 | 62,875 | 40,536 | 27,429 | 20,242 | 53,104 | 125,211 | 353,393 | 44,867 | 27,778 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 412,122 | 419,810 | 428,699 | 414,280 | 435,421 | — | — | — | 687,608 | 667,019 | 619,913 | 578,654 | 560,373 | 564,963 | 527,233 | 493,693 | 491,743 | 544,446 | 536,902 | 536,878 |
| Total current liabilities | US$ in thousands | 605,427 | 583,512 | 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 |
| Quick ratio | 0.73 | 0.76 | 0.72 | 0.70 | 0.75 | 0.09 | 0.08 | 0.04 | 1.01 | 1.12 | 1.11 | 1.09 | 1.07 | 0.77 | 0.99 | 1.06 | 1.51 | 1.52 | 0.84 | 1.40 |
August 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($29,588K
+ $—K
+ $412,122K)
÷ $605,427K
= 0.73
The quick ratio of MSC Industrial Direct Company Inc has fluctuated over the period in question. There was a notable improvement in the quick ratio from September 3, 2022, to August 28, 2023, where it stood above 1, indicating the company had sufficient liquid assets to cover its current liabilities. However, the quick ratio declined in subsequent periods, reaching a low of 0.04 on December 3, 2022, and 0.08 on March 4, 2023, suggesting potential liquidity challenges.
The quick ratio improved again starting from May 28, 2023, up to Jun 1, 2024, hovering between 0.72 and 0.76, indicating a better ability to meet short-term obligations using its liquid assets. Overall, the quick ratio of MSC Industrial Direct Company Inc has shown variability, with periods of strength and weakness in its ability to cover immediate liabilities with its quick assets.
Peer comparison
Aug 31, 2024