Quanex Building Products (NX)
Current ratio
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 611,268 | 301,399 | 263,503 | 252,995 | 273,600 | 287,588 | 263,759 | 266,608 | 280,665 | 306,385 | 298,920 | 260,079 | 249,047 | 244,575 | 234,505 | 209,253 | 207,306 | 197,421 | 231,818 | 173,198 |
| Total current liabilities | US$ in thousands | 272,867 | 127,869 | 118,531 | 111,454 | 134,663 | 135,367 | 118,648 | 119,990 | 139,843 | 158,731 | 146,588 | 131,628 | 158,001 | 142,354 | 135,722 | 112,213 | 130,240 | 106,939 | 79,042 | 90,578 |
| Current ratio | 2.24 | 2.36 | 2.22 | 2.27 | 2.03 | 2.12 | 2.22 | 2.22 | 2.01 | 1.93 | 2.04 | 1.98 | 1.58 | 1.72 | 1.73 | 1.86 | 1.59 | 1.85 | 2.93 | 1.91 |
October 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $611,268K ÷ $272,867K
= 2.24
Quanex Building Products' current ratio has shown some fluctuations over the past few quarters. The current ratio measures a company's ability to cover its short-term liabilities with its current assets.
The current ratio has generally been healthy and above 2, indicating that Quanex Building Products has had more than enough current assets to cover its current liabilities. However, it is important to note that there has been some variability in the current ratio over the periods analyzed.
The highest current ratio of 2.36 was recorded in July 2024, suggesting strong liquidity and ability to meet short-term obligations. On the other hand, the lowest current ratio of 1.58 was observed in October 2021, indicating a lower level of liquidity compared to other periods.
Overall, while there have been fluctuations in the current ratio, Quanex Building Products has generally maintained a healthy level of liquidity, which is crucial for operational and financial stability.
Peer comparison
Oct 31, 2024