ConAgra Foods Inc (CAG)
Current ratio
| May 26, 2024 | May 28, 2023 | May 29, 2022 | May 30, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,149,500 | 3,385,000 | 3,033,700 | 2,702,100 | 2,885,900 |
| Total current liabilities | US$ in thousands | 3,241,800 | 4,440,700 | 3,518,800 | 3,306,200 | 3,287,400 |
| Current ratio | 0.97 | 0.76 | 0.86 | 0.82 | 0.88 |
May 26, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,149,500K ÷ $3,241,800K
= 0.97
The current ratio of ConAgra Foods Inc has fluctuated over the past five years. In 2024, the current ratio stands at 0.97, indicating that the company has $0.97 in current assets for every $1 of current liabilities. This suggests that ConAgra Foods Inc has slightly improved its short-term liquidity position compared to the previous year. However, the ratio remains below 1, which may raise concerns about the company's ability to meet its short-term obligations. It is important for ConAgra Foods Inc to continue monitoring and managing its current assets and liabilities to ensure liquidity and financial stability.
Peer comparison
May 26, 2024