ePlus inc (PLUS)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,273,530 | 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 | 690,007 | 641,559 | 626,232 |
| Total current liabilities | US$ in thousands | 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 | 439,490 | 421,499 | 407,420 |
| Current ratio | 1.94 | 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 | 1.57 | 1.52 | 1.54 |
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 fluctuated over the past few quarters, ranging from 1.55 to 1.95. As of March 31, 2024, the current ratio stands at 1.94, indicating that the company has $1.94 in current assets for every $1 of current liabilities. This suggests that ePlus inc has a healthy level of liquidity to meet its short-term obligations.
The current ratio has generally been above 1, which is considered a good sign as it shows that the company has sufficient current assets to cover its current liabilities. However, it is important to note that the current ratio has experienced some variability, which may indicate fluctuations in the company's ability to manage its short-term obligations efficiently.
Overall, while the current ratio of ePlus inc has displayed fluctuations, it remains at a level that indicates the company's ability to meet its short-term financial obligations effectively. It is essential for the company to continue monitoring and managing its liquidity position to ensure ongoing financial health and stability.
Peer comparison
Mar 31, 2024