Standex International Corporation (SXI)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 430,095 | 483,253 | 378,998 | 374,366 | 331,997 |
| Total current liabilities | US$ in thousands | 127,565 | 140,967 | 150,768 | 143,709 | 122,877 |
| Current ratio | 3.37 | 3.43 | 2.51 | 2.61 | 2.70 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $430,095K ÷ $127,565K
= 3.37
The current ratio of Standex International Corporation has exhibited a generally improving trend over the past five years. As of June 30, 2024, the current ratio stood at 3.37, indicating that the company had $3.37 in current assets for every $1 in current liabilities.
Comparing this to prior years, the current ratio has shown steady improvement from 2.70 in 2020 to 3.37 in 2024. This increasing trend suggests that the company has been effectively managing its short-term liquidity position by maintaining a healthy level of current assets relative to current liabilities.
A current ratio above 1 is typically considered healthy, as it indicates the company has sufficient current assets to cover its short-term obligations. Standex's current ratio consistently above 2 in recent years indicates a strong ability to meet its short-term financial obligations, providing a buffer against potential liquidity risks.
Overall, Standex International Corporation's current ratio trend reflects a solid liquidity position, suggesting the company's ability to cover its short-term liabilities has been improving over the years.
Peer comparison
Jun 30, 2024