B&G Foods Inc (BGS)

Current ratio

		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	Mar 31, 2020
Total current assets	US$ in thousands	781,444	882,507	796,576	785,321	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
Total current liabilities	US$ in thousands	236,865	537,632	489,972	244,235	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
Current ratio		3.30	1.64	1.63	3.22	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

December 31, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $781,444K ÷ $236,865K
= 3.30

The current ratio of B&G Foods Inc shows the company's ability to cover its short-term liabilities with its current assets. Looking at the trend from March 31, 2020, to December 31, 2024, the current ratio has fluctuated, indicating changes in the company's liquidity position over time.

The current ratio started at a high of 3.69 on March 31, 2020, indicating a strong ability to meet short-term obligations. It then decreased to 1.52 on September 30, 2023, which may raise concerns about the company's ability to meet its short-term obligations comfortably.

The ratio improved slightly to 3.22 on March 31, 2024, and then dropped significantly to 1.63 on June 30, 2024. This sudden decrease may suggest potential liquidity issues or an imbalance between current assets and liabilities.

It's important to further investigate the reasons behind these fluctuations in the current ratio to assess the company's financial health accurately. Management should closely monitor liquidity levels to ensure the company can meet its short-term obligations effectively.