Powell Industries Inc (POWL)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 776,481 | 621,985 | 369,983 | 302,461 | 335,658 |
| Total current liabilities | US$ in thousands | 428,015 | 395,686 | 186,373 | 121,156 | 152,947 |
| Current ratio | 1.81 | 1.57 | 1.99 | 2.50 | 2.19 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $776,481K ÷ $428,015K
= 1.81
The current ratio of Powell Industries Inc has fluctuated over the past five years. In 2024, the current ratio stands at 1.81, which indicates the company's ability to cover its short-term obligations with its current assets.
Compared to the previous year, the current ratio has improved from 1.57 to 1.81, suggesting that the company may have better liquidity in 2024. However, the current ratio is lower than the ratios of 2021 and 2020, indicating a potential decrease in liquidity compared to those years.
Overall, the current ratio of Powell Industries Inc has shown variability over the past five years, with the most recent year reflecting a modest improvement in liquidity compared to the previous year. It is important for the company to closely monitor its liquidity position to ensure it can meet short-term obligations effectively.
Peer comparison
Sep 30, 2024