ePlus inc (PLUS)
Current ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,273,530 | 1,095,130 | 897,482 | 777,594 | 649,798 |
| Total current liabilities | US$ in thousands | 656,990 | 561,326 | 460,036 | 459,364 | 386,639 |
| Current ratio | 1.94 | 1.95 | 1.95 | 1.69 | 1.68 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,273,530K ÷ $656,990K
= 1.94
The current ratio of ePlus inc has remained relatively stable over the past five years, ranging from 1.68 in 2020 to 1.95 in 2022 and 2023, before slightly decreasing to 1.94 in 2024. This indicates that the company has generally been able to meet its short-term obligations with its current assets over the years.
A current ratio above 1 suggests that ePlus inc has more current assets than current liabilities, providing a cushion to cover its short-term debts. Although the slight decrease in the current ratio in 2024 compared to the previous two years could indicate a potential lowered ability to pay off its short-term obligations, the ratio is still above 1, indicating a healthy liquidity position for the company.
Overall, the trend in ePlus inc's current ratio suggests a consistent ability to manage its short-term financial obligations while also maintaining a reasonable level of liquidity in the years under review.
Peer comparison
Mar 31, 2024