Unifirst Corporation (UNF)
Current ratio
| Feb 24, 2024 | Nov 25, 2023 | Aug 26, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 25, 2019 | Feb 23, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 864,478 | 858,938 | 840,118 | 1,067,280 | 1,067,610 | 1,063,890 | 1,068,880 | 1,078,870 | 1,111,650 | 1,103,790 | 1,070,150 | 1,023,460 | 986,824 | 969,334 | 925,512 | 923,822 | 902,457 | 913,791 | 861,855 | 849,096 |
| Total current liabilities | US$ in thousands | 262,864 | 258,785 | 267,229 | 232,136 | 242,771 | 243,745 | 246,721 | 250,051 | 246,013 | 254,670 | 238,284 | 226,131 | 211,692 | 210,096 | 196,234 | 201,395 | 197,632 | 189,844 | 174,273 | 180,182 |
| Current ratio | 3.29 | 3.32 | 3.14 | 4.60 | 4.40 | 4.36 | 4.33 | 4.31 | 4.52 | 4.33 | 4.49 | 4.53 | 4.66 | 4.61 | 4.72 | 4.59 | 4.57 | 4.81 | 4.95 | 4.71 |
February 24, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $864,478K ÷ $262,864K
= 3.29
The current ratio of Unifirst Corporation has been consistently strong over the past several periods, ranging from 3.14 to 4.81. This indicates that the company has a healthy level of current assets relative to its current liabilities, reflecting its ability to cover short-term obligations. The ratio has shown a general upward trend over the periods, suggesting improved liquidity and a strong financial position. A current ratio above 2 is typically considered favorable, and Unifirst Corporation's ratios well exceed this threshold, indicating a robust liquidity position. Investors and creditors may view the company positively due to its ability to meet short-term obligations comfortably.
Peer comparison
Feb 24, 2024