RBC Bearings Incorporated (RBC)
Current ratio
| Mar 31, 2025 | Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,027,300 | 965,500 | 913,300 | 962,237 | 728,202 |
| Total current liabilities | US$ in thousands | 315,300 | 294,300 | 309,300 | 313,460 | 88,238 |
| Current ratio | 3.26 | 3.28 | 2.95 | 3.07 | 8.25 |
March 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,027,300K ÷ $315,300K
= 3.26
The current ratio of RBC Bearings Incorporated has displayed fluctuations over the past five years. As of March 31, 2021, the current ratio stood at a high level of 8.25, indicating a strong ability to cover its short-term obligations with current assets. However, there has been a noticeable decline in the current ratio since then. By March 31, 2022, the current ratio decreased to 3.07, suggesting a slight weakening in the company's short-term liquidity position.
The trend continued into the following years, with the current ratio further decreasing to 2.95 as of March 31, 2023. This downward movement indicates a potential challenge in meeting short-term obligations with current assets. However, there was a slight improvement by March 31, 2024, as the current ratio rose to 3.28, although it remained below the levels seen in the earlier period.
By the most recent period ending March 31, 2025, the current ratio remained relatively stable at 3.26. This suggests that the company's ability to cover its short-term liabilities with current assets has stabilized, albeit at a lower level compared to the initial period.
In conclusion, while RBC Bearings Incorporated experienced fluctuations in its current ratio over the analyzed period, the company has maintained a reasonably healthy liquidity position overall, with the ability to meet its short-term obligations with current assets, although not at the same high level as observed in 2021.
Peer comparison
Mar 31, 2025