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Amerco Current Ratio

: 2.20 (As of Jun. 2022)
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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. Amerco's current ratio for the quarter that ended in Jun. 2022 was 2.20.

Amerco has a current ratio of 2.20. It generally indicates good short-term financial strength.

The historical rank and industry rank for Amerco's Current Ratio or its related term are showing as below:

UHAL' s Current Ratio Range Over the Past 10 Years
Min: 0.46   Med: 1.09   Max: 8.69
Current: 2.2

During the past 13 years, Amerco's highest Current Ratio was 8.69. The lowest was 0.46. And the median was 1.09.

UHAL's Current Ratio is ranked better than
64.35% of 1063 companies
in the Business Services industry
Industry Median: 1.70 vs UHAL: 2.20

Amerco Current Ratio Historical Data

The historical data trend for Amerco's Current Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Amerco Annual Data
Trend Mar13 Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22
Current Ratio
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.71 0.77 0.89 1.23 2.04

Amerco Quarterly Data
Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Current Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.30 1.78 1.83 2.04 2.20

Competitive Comparison

For the Rental & Leasing Services subindustry, Amerco's Current Ratio, along with its competitors' market caps and Current Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Amerco Current Ratio Distribution

For the Business Services industry and Industrials sector, Amerco's Current Ratio distribution charts can be found below:

* The bar in red indicates where Amerco's Current Ratio falls into.



Amerco Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

Amerco's Current Ratio for the fiscal year that ended in Mar. 2022

Current Ratio (A: Mar. 2022 )=Total Current Assets (A: Mar. 2022 )/Total Current Liabilities (A: Mar. 2022 )
=3377.134/1656.039
=2.04

Amerco's Current Ratio for the quarter that ended in Jun. 2022 is calculated as

Current Ratio (Q: Jun. 2022 )=Total Current Assets (Q: Jun. 2022 )/Total Current Liabilities (Q: Jun. 2022 )
=3759.328/1710.647
=2.20

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Amerco  (NAS:UHAL) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


Amerco Current Ratio Related Terms

Thank you for viewing the detailed overview of Amerco's Current Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Amerco Business Description

Amerco logo
Traded in Other Exchanges
Address
5555 Kietzke Lane, Suite 100, Reno, NV, USA, 89511
Amerco Inc is an American provider of rental trucks to household movers. The company operates a fleet of trucks, trailers, and towing devices under the U-Haul brand. The service is targeted at do-it-yourself household movers. Amerco offers its products and services through a network of retail moving stores and independent U-Haul dealers. The company also offers self-storage solutions for household and commercial goods, as well as insurance products covering loss on goods in storage, medical, life, and cargo protection. It operates in three segments: Moving and Storage, Property and Casualty Insurance, and Life Insurance.
Executives
Martz Carrie other: Advisory Board Member 21335 N. 74TH WAY SCOTTSDALE AZ 85225
Shoen Edward J director, 10 percent owner, officer: Chairman/President 2727 N CENTRAL AVE PHOENIX AZ 85004
Shoen Mark V 10 percent owner 2727 N CENTRAL AVE PHOENIX AZ 85004
Willow Grove Holdings Lp 10 percent owner 1250 E. MISSOURI AVE PHOENIX AZ 85014
Foster Road Llc 10 percent owner 1250 E. MISSOURI AVE PHOENIX AZ 85014
Bell Maria Lourdes officer: Chief Accounting Officer 2727 N. CENTRAL AVE PHOENIX AZ 85004
Braccia Matthew officer: Pres-Amerco Real Estate Co. 2727 N. CENTRAL AVE. PHOENIX AZ 85004
Hayes Thomas W other: Ind. Gov Committee Member C/O FREMONT GENERAL CORP 2020 SANTA MONICA BLVD #600 SANTA MONICA CA 90404
Vizcarra Carlos officer: Pres-Amerco Real Estate Co 2727 N CENTRAL AVE PHOENIX AZ 85004
Herrera Richard Jay director 21 BRILLIANT SKY DRIVE SANTE FE NM 87508
Hillman Amy J other: Ind. Gov. Committee Member C/O CDK GLOBAL, INC., 1950 HASSELL RD. HOFFMAN ESTATES IL 60169
Shank Roberta Roberts other: Advisory Board Member 20002 NORTH 19TH AVENUE PHOENIX AZ 85027
Grogan James J director 2727 N CENTRAL AVENUE PHOENIX AZ 85004
Schmidt Karl A. director 600 HERITAGE RD. DE PERE WI 54115
Thompson Mary K officer: Chief Accounting Officer 2727 N CENTRAL AVE PHOENIX AZ 85004

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