Penguin Solutions, Inc. (PENG)
Current ratio
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 867,704 | 907,402 | 1,151,860 | 950,818 | 556,710 |
| Total current liabilities | US$ in thousands | 327,596 | 426,250 | 515,540 | 583,798 | 282,489 |
| Current ratio | 2.65 | 2.13 | 2.23 | 1.63 | 1.97 |
August 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $867,704K ÷ $327,596K
= 2.65
The current ratio of Penguin Solutions, Inc. has exhibited fluctuations over the reporting periods from August 31, 2020, to August 31, 2024. Specifically, the ratio was 1.97 in 2020, indicating that current assets were approximately twice the current liabilities, suggesting a relatively healthy liquidity position at that time. In 2021, the ratio declined to 1.63, reflecting a decrease in liquidity or an increase in current liabilities relative to current assets. However, a recovery was observed in 2022, with the ratio rising to 2.23, surpassing the 2020 level and indicating an improvement in liquidity position. This upward trend continued into 2023 with a ratio of 2.13, showing a slight decrease from 2022 but still maintaining a healthy liquidity buffer. The most recent data for 2024 indicates an increase to 2.65, suggesting an even stronger liquidity position and an increased ability of the company to meet its short-term obligations. Overall, the trend reflects a period of fluctuation with a general upward movement in recent years, indicating improved current asset levels relative to current liabilities and a potentially enhancing liquidity position for Penguin Solutions, Inc.
Peer comparison
Aug 31, 2024