Nordson Corporation (NDSN)
Current ratio
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,275,030 | 1,229,310 | 1,132,970 | 1,164,840 | 1,020,610 |
| Total current liabilities | US$ in thousands | 528,477 | 582,089 | 834,203 | 445,394 | 363,089 |
| Current ratio | 2.41 | 2.11 | 1.36 | 2.62 | 2.81 |
October 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,275,030K ÷ $528,477K
= 2.41
The current ratio of Nordson Corporation has exhibited fluctuations over the past five years, ranging from a low of 1.36 in October 2022 to a high of 2.81 in October 2020. The trend indicates a decrease in 2022 followed by an increase in 2023 before decreasing again in 2024. A current ratio above 1 indicates that Nordson Corporation has more current assets available to cover its current liabilities, with the ratio peaking in 2020 and hitting a low in 2022. In 2024, the current ratio stands at 2.41, suggesting a stronger liquidity position compared to the prior year. While the ratio has fluctuated, Nordson Corporation generally demonstrates the ability to meet its short-term obligations with its current assets, as reflected in the current ratio figures.
Peer comparison
Oct 31, 2024