RBC Bearings Incorporated (RBC)
Current ratio
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 965,500 | 913,300 | 962,200 | 728,202 | 612,006 |
| Total current liabilities | US$ in thousands | 294,300 | 309,300 | 313,500 | 88,238 | 103,755 |
| Current ratio | 3.28 | 2.95 | 3.07 | 8.25 | 5.90 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $965,500K ÷ $294,300K
= 3.28
The current ratio of RBC Bearings Incorporated has shown some fluctuation over the past five years. As of March 31, 2024, the current ratio stands at 3.28, indicating that the company has $3.28 in current assets for every $1 in current liabilities. This marks an improvement from the previous year when the current ratio was 2.95. In comparison to the years 2022, 2021, and 2020, the current ratio has been relatively strong, demonstrating the company's ability to cover its short-term obligations using its current assets. Overall, the upward trend in the current ratio suggests a healthy liquidity position for RBC Bearings Incorporated in recent years.
Peer comparison
Mar 31, 2024