Advanced Drainage Systems Inc (WMS)
Current ratio
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,324,780 | 1,245,100 | 1,491,920 | 1,424,300 | 1,299,970 | 1,238,420 | 1,231,920 | 1,168,520 | 1,017,490 | 1,157,370 | 1,347,880 | 1,401,340 | 871,898 | 807,019 | 817,573 | 795,596 | 742,978 | 663,534 | 700,579 | 729,364 |
| Total current liabilities | US$ in thousands | 398,396 | 388,090 | 467,337 | 492,927 | 439,622 | 409,125 | 427,867 | 419,587 | 378,802 | 370,280 | 439,300 | 504,758 | 391,241 | 364,084 | 413,839 | 407,450 | 318,270 | 277,559 | 282,491 | 258,901 |
| Current ratio | 3.33 | 3.21 | 3.19 | 2.89 | 2.96 | 3.03 | 2.88 | 2.78 | 2.69 | 3.13 | 3.07 | 2.78 | 2.23 | 2.22 | 1.98 | 1.95 | 2.33 | 2.39 | 2.48 | 2.82 |
March 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,324,780K ÷ $398,396K
= 3.33
The current ratio of Advanced Drainage Systems Inc has exhibited fluctuations over the reported periods. Initially, the company saw a declining trend in its current ratio from June 30, 2021, to March 31, 2022, before achieving an improvement.
From June 30, 2022, to September 30, 2023, there was a relatively stable current ratio within the range of 2.78 to 2.88. Notably, by the end of December 31, 2023, the current ratio increased to 3.03, signifying a strengthened liquidity position.
The current ratio continued to improve through the subsequent periods, reaching 3.33 by March 31, 2025, which indicates that the company had $3.33 in current assets available to cover each dollar of current liabilities. Overall, the upward trend in the current ratio from September 30, 2023, to March 31, 2025, suggests an enhanced ability of Advanced Drainage Systems Inc to meet its short-term obligations as they come due.