ePlus inc (PLUS)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,276,700 | 1,202,380 | 1,264,100 | 1,214,080 | 1,219,310 | 1,269,230 | 1,276,130 | 1,095,130 | 1,293,440 | 1,069,910 | 985,343 | 897,482 | 960,551 | 829,566 | 774,198 | 777,594 | 826,652 | 768,029 | 806,832 | 649,798 |
| Total current liabilities | US$ in thousands | 696,811 | 649,922 | 628,236 | 656,990 | 631,463 | 700,368 | 800,786 | 561,326 | 793,577 | 607,311 | 533,972 | 460,036 | 567,413 | 475,625 | 446,405 | 459,364 | 531,038 | 476,493 | 519,560 | 386,639 |
| Current ratio | 1.83 | 1.85 | 2.01 | 1.85 | 1.93 | 1.81 | 1.59 | 1.95 | 1.63 | 1.76 | 1.85 | 1.95 | 1.69 | 1.74 | 1.73 | 1.69 | 1.56 | 1.61 | 1.55 | 1.68 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,276,700K ÷ $696,811K
= 1.83
The current ratio of ePlus inc has displayed fluctuations over the recent quarters, ranging from a low of 1.55 in June 2020 to a high of 2.01 in June 2024. Generally, a current ratio above 1 indicates that the company has more current assets than current liabilities, which is a positive sign for short-term liquidity and financial stability.
While the company experienced some variability in its current ratio, it has consistently maintained a current ratio above 1, reflecting its ability to cover its short-term obligations. Notably, the current ratio improved significantly from June 2022 to June 2024, indicating a stronger ability to meet short-term liabilities.
Overall, the trend of the current ratio suggests that ePlus inc has managed its current assets and liabilities effectively to ensure liquidity and fulfill its short-term financial obligations.
Peer comparison
Dec 31, 2024