B&G Foods Inc (BGS)

Current ratio

		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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Total current assets	US$ in thousands	802,824	1,280,710	914,556	936,846	1,018,820	1,149,420	916,760	859,872	834,456	932,778	750,191	729,396	737,301	752,621	717,849	771,722	661,793	1,003,260	597,437	572,102
Total current liabilities	US$ in thousands	262,418	842,928	231,181	230,684	271,534	351,049	280,064	248,344	244,287	299,461	218,414	207,573	245,652	294,265	229,886	209,299	216,908	289,494	198,154	266,538
Current ratio		3.06	1.52	3.96	4.06	3.75	3.27	3.27	3.46	3.42	3.11	3.43	3.51	3.00	2.56	3.12	3.69	3.05	3.47	3.02	2.15

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $802,824K ÷ $262,418K
= 3.06

The current ratio of B&G Foods Inc has shown fluctuations over time, indicating changes in the company's liquidity position. The current ratio measures the company's ability to meet its short-term obligations using its current assets.

Based on the data provided in the table, the current ratio has varied between 1.52 and 4.06 over the past 20 quarters. In general, a current ratio above 2 is considered healthy, as it suggests that the company has more than enough current assets to cover its current liabilities.

B&G Foods Inc's current ratio peaked at 4.06 in the second quarter of 2023, indicating strong liquidity at that point in time. This was followed by a significant drop to 1.52 in the third quarter of 2023, which may raise concerns about the company's ability to meet its short-term obligations. However, the current ratio improved to 3.06 at the end of December 2023, reflecting a more favorable liquidity position.

Overall, while the company's current ratio has experienced fluctuations, it has generally remained above 2, suggesting that B&G Foods Inc has maintained a healthy liquidity position over the analyzed period. It is important to monitor trends in the current ratio to assess the company's short-term financial health.