Liquidity ratios measure the company ability to meet its short-term obligations.

Liquidity Ratios (Summary)
Current Ratio
Quick Ratio
Cash Ratio

Cintas Corp., liquidity ratios (quarterly data)

	Nov 30, 2024	Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019	May 31, 2019	Feb 28, 2019	Nov 30, 2018	Aug 31, 2018
Current ratio	1.58	1.53	1.74	2.38	2.24	2.56	2.39	2.10	1.86	1.72	1.84	1.02	1.22	1.09	1.47	2.34	2.06	2.44	2.61	2.34	1.92	2.04	1.98	2.24	1.99	3.10
Quick ratio	0.74	0.70	0.87	1.09	1.00	1.10	1.04	0.88	0.79	0.72	0.77	0.42	0.50	0.44	0.72	1.17	1.07	1.18	1.15	1.10	0.91	0.91	0.89	0.96	0.89	1.41
Cash ratio	0.06	0.05	0.19	0.10	0.06	0.08	0.10	0.06	0.06	0.05	0.06	0.03	0.05	0.04	0.26	0.44	0.47	0.39	0.16	0.22	0.17	0.09	0.09	0.08	0.08	0.17

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Liquidity ratio	Description	The company
Current ratio	A liquidity ratio calculated as current assets divided by current liabilities.	Cintas Corp. current ratio deteriorated from Q4 2024 to Q1 2025 but then slightly improved from Q1 2025 to Q2 2025.
Quick ratio	A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities.	Cintas Corp. quick ratio deteriorated from Q4 2024 to Q1 2025 but then slightly improved from Q1 2025 to Q2 2025.
Cash ratio	A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities.	Cintas Corp. cash ratio deteriorated from Q4 2024 to Q1 2025 but then slightly improved from Q1 2025 to Q2 2025.

Cintas Corp., current ratio calculation (quarterly data)

	Nov 30, 2024	Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019	May 31, 2019	Feb 28, 2019	Nov 30, 2018	Aug 31, 2018
Selected Financial Data (US$ in thousands)
Current assets	3,170,391)	3,043,392)	3,185,207)	3,030,996)	3,036,739)	2,987,528)	2,938,459)	2,910,156)	2,893,170)	2,747,790)	2,631,983)	2,686,741)	2,655,474)	2,477,666)	2,843,309)	2,978,556)	3,102,773)	2,666,177)	2,309,699)	2,497,706)	2,490,287)	2,289,818)	2,236,280)	2,223,756)	2,215,870)	2,104,378)
Current liabilities	2,007,767)	1,984,889)	1,828,519)	1,273,895)	1,357,602)	1,168,839)	1,230,062)	1,388,261)	1,553,737)	1,599,541)	1,432,890)	2,623,490)	2,177,928)	2,269,039)	1,934,085)	1,270,360)	1,508,472)	1,093,350)	885,195)	1,066,646)	1,297,251)	1,122,882)	1,127,733)	994,351)	1,114,686)	679,094)
Liquidity Ratio
Current ratio¹	1.58	1.53	1.74	2.38	2.24	2.56	2.39	2.10	1.86	1.72	1.84	1.02	1.22	1.09	1.47	2.34	2.06	2.44	2.61	2.34	1.92	2.04	1.98	2.24	1.99	3.10

¹ Q2 2025 Calculation
Current ratio = Current assets ÷ Current liabilities
= 3,170,391 ÷ 2,007,767 = 1.58

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Liquidity ratio	Description	The company
Current ratio	A liquidity ratio calculated as current assets divided by current liabilities.	Cintas Corp. current ratio deteriorated from Q4 2024 to Q1 2025 but then slightly improved from Q1 2025 to Q2 2025.

Cintas Corp., quick ratio calculation (quarterly data)

	Nov 30, 2024	Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019	May 31, 2019	Feb 28, 2019	Nov 30, 2018	Aug 31, 2018
Selected Financial Data (US$ in thousands)
Cash and cash equivalents	122,395)	101,373)	342,015)	128,483)	85,556)	88,126)	124,149)	88,563)	89,799)	74,558)	90,471)	84,136)	113,170)	79,749)	493,640)	553,611)	703,175)	421,542)	145,402)	234,441)	226,535)	102,131)	96,645)	80,859)	88,479)	118,356)
Accounts receivable, net	1,370,493)	1,293,791)	1,244,182)	1,262,077)	1,273,974)	1,197,342)	1,152,993)	1,133,096)	1,135,833)	1,082,783)	1,006,220)	1,004,632)	975,442)	927,360)	901,710)	929,492)	910,266)	866,414)	870,369)	942,853)	949,122)	917,535)	910,120)	878,037)	904,062)	838,192)
Total quick assets	1,492,888)	1,395,164)	1,586,197)	1,390,560)	1,359,530)	1,285,468)	1,277,142)	1,221,659)	1,225,632)	1,157,341)	1,096,691)	1,088,768)	1,088,612)	1,007,109)	1,395,350)	1,483,103)	1,613,441)	1,287,956)	1,015,771)	1,177,294)	1,175,657)	1,019,666)	1,006,765)	958,896)	992,541)	956,548)

Current liabilities	2,007,767)	1,984,889)	1,828,519)	1,273,895)	1,357,602)	1,168,839)	1,230,062)	1,388,261)	1,553,737)	1,599,541)	1,432,890)	2,623,490)	2,177,928)	2,269,039)	1,934,085)	1,270,360)	1,508,472)	1,093,350)	885,195)	1,066,646)	1,297,251)	1,122,882)	1,127,733)	994,351)	1,114,686)	679,094)
Liquidity Ratio
Quick ratio¹	0.74	0.70	0.87	1.09	1.00	1.10	1.04	0.88	0.79	0.72	0.77	0.42	0.50	0.44	0.72	1.17	1.07	1.18	1.15	1.10	0.91	0.91	0.89	0.96	0.89	1.41

¹ Q2 2025 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 1,492,888 ÷ 2,007,767 = 0.74

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Liquidity ratio	Description	The company
Quick ratio	A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities.	Cintas Corp. quick ratio deteriorated from Q4 2024 to Q1 2025 but then slightly improved from Q1 2025 to Q2 2025.

Cintas Corp., cash ratio calculation (quarterly data)

	Nov 30, 2024	Aug 31, 2024	May 31, 2024	Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019	May 31, 2019	Feb 28, 2019	Nov 30, 2018	Aug 31, 2018
Selected Financial Data (US$ in thousands)
Cash and cash equivalents	122,395)	101,373)	342,015)	128,483)	85,556)	88,126)	124,149)	88,563)	89,799)	74,558)	90,471)	84,136)	113,170)	79,749)	493,640)	553,611)	703,175)	421,542)	145,402)	234,441)	226,535)	102,131)	96,645)	80,859)	88,479)	118,356)
Total cash assets	122,395)	101,373)	342,015)	128,483)	85,556)	88,126)	124,149)	88,563)	89,799)	74,558)	90,471)	84,136)	113,170)	79,749)	493,640)	553,611)	703,175)	421,542)	145,402)	234,441)	226,535)	102,131)	96,645)	80,859)	88,479)	118,356)

Current liabilities	2,007,767)	1,984,889)	1,828,519)	1,273,895)	1,357,602)	1,168,839)	1,230,062)	1,388,261)	1,553,737)	1,599,541)	1,432,890)	2,623,490)	2,177,928)	2,269,039)	1,934,085)	1,270,360)	1,508,472)	1,093,350)	885,195)	1,066,646)	1,297,251)	1,122,882)	1,127,733)	994,351)	1,114,686)	679,094)
Liquidity Ratio
Cash ratio¹	0.06	0.05	0.19	0.10	0.06	0.08	0.10	0.06	0.06	0.05	0.06	0.03	0.05	0.04	0.26	0.44	0.47	0.39	0.16	0.22	0.17	0.09	0.09	0.08	0.08	0.17

¹ Q2 2025 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 122,395 ÷ 2,007,767 = 0.06

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Liquidity ratio	Description	The company
Cash ratio	A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities.	Cintas Corp. cash ratio deteriorated from Q4 2024 to Q1 2025 but then slightly improved from Q1 2025 to Q2 2025.

Cintas Corp. (NASDAQ:CTAS)

Analysis of Liquidity Ratios
Quarterly Data

Liquidity Ratios (Summary)

Current Ratio

Quick Ratio

Cash Ratio

Cintas Corp. (NASDAQ:CTAS)

Analysis of Liquidity RatiosQuarterly Data

Liquidity Ratios (Summary)

Current Ratio

Quick Ratio

Cash Ratio

Analysis of Liquidity Ratios
Quarterly Data