RPM International Inc (RPM)
Quick ratio
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 237,379 | 215,787 | 201,672 | 246,704 | 233,416 |
| Short-term investments | US$ in thousands | 134,100 | 126,300 | 125,000 | 146,000 | 94,700 |
| Receivables | US$ in thousands | 1,419,440 | 1,503,040 | 1,432,630 | 1,280,810 | 1,137,960 |
| Total current liabilities | US$ in thousands | 1,466,060 | 1,490,800 | 2,016,410 | 1,331,410 | 1,093,580 |
| Quick ratio | 1.22 | 1.24 | 0.87 | 1.26 | 1.34 |
May 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($237,379K
+ $134,100K
+ $1,419,440K)
÷ $1,466,060K
= 1.22
The quick ratio of RPM International Inc has fluctuated over the past five years. In 2024, the quick ratio stands at 1.22, a slight decrease from the previous year's ratio of 1.24.
In 2022, the quick ratio was relatively low at 0.87, indicating that the company had a lower level of liquid assets to cover its current liabilities. However, the ratio improved in the following years, reaching 1.26 in 2021 and 1.34 in 2020.
Overall, the company has maintained a quick ratio above 1 in most years, suggesting that it has sufficient liquid assets to meet its short-term obligations. It is important to continue monitoring this ratio to ensure the company's liquidity position remains strong.
Peer comparison
May 31, 2024