Nordson Corporation (NDSN)
Current ratio
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,208,110 | 1,229,310 | 1,176,920 | 1,155,440 | 1,178,420 | 1,132,970 | 1,115,610 | 1,059,840 | 1,054,240 | 1,164,840 | 1,045,760 | 949,425 | 1,028,130 | 1,020,610 | 1,080,700 | 1,143,280 | 930,324 | 1,011,200 | 980,740 | 964,937 |
| Total current liabilities | US$ in thousands | 551,680 | 582,089 | 528,609 | 990,392 | 825,461 | 834,203 | 827,282 | 722,498 | 429,467 | 445,394 | 420,822 | 385,267 | 359,609 | 363,089 | 347,218 | 360,189 | 343,321 | 477,626 | 444,222 | 446,491 |
| Current ratio | 2.19 | 2.11 | 2.23 | 1.17 | 1.43 | 1.36 | 1.35 | 1.47 | 2.45 | 2.62 | 2.49 | 2.46 | 2.86 | 2.81 | 3.11 | 3.17 | 2.71 | 2.12 | 2.21 | 2.16 |
January 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,208,110K ÷ $551,680K
= 2.19
The current ratio of Nordson Corp. has displayed some fluctuation over the past eight quarters. The ratio ranged from a low of 1.17 in Q2 2023 to a high of 2.23 in Q3 2023. Overall, the current ratio has generally been above 2.0, indicating a strong ability to cover short-term obligations with current assets. However, there was a slight dip in Q2 2023, which might indicate a temporary strain on liquidity or an increase in short-term liabilities during that period. It is important to monitor this ratio to ensure the company maintains a healthy liquidity position to meet its current obligations.
Peer comparison
Jan 31, 2024