ConAgra Foods Inc (CAG)
Current ratio
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | May 26, 2024 | Feb 29, 2024 | Feb 25, 2024 | Nov 30, 2023 | Nov 26, 2023 | Aug 31, 2023 | Aug 27, 2023 | May 31, 2023 | May 28, 2023 | Feb 28, 2023 | Feb 26, 2023 | Nov 30, 2022 | Nov 27, 2022 | Aug 31, 2022 | Aug 28, 2022 | May 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,965,600 | 3,205,400 | 3,416,200 | 3,149,500 | 3,149,500 | 3,285,800 | 3,285,800 | 3,469,100 | 3,469,100 | 3,573,500 | 3,573,500 | 3,385,000 | 3,385,000 | 3,454,700 | 3,454,700 | 3,416,400 | 3,416,400 | 3,233,800 | 3,233,800 | 3,033,700 |
| Total current liabilities | US$ in thousands | 4,303,700 | 4,559,700 | 3,646,800 | 3,241,800 | 3,241,800 | 3,470,900 | 3,470,900 | 3,833,100 | 3,833,100 | 3,940,100 | 3,940,100 | 4,440,700 | 4,440,700 | 3,561,000 | 3,561,000 | 3,722,700 | 3,722,700 | 4,160,300 | 4,160,300 | 3,518,800 |
| Current ratio | 0.69 | 0.70 | 0.94 | 0.97 | 0.97 | 0.95 | 0.95 | 0.91 | 0.91 | 0.91 | 0.91 | 0.76 | 0.76 | 0.97 | 0.97 | 0.92 | 0.92 | 0.78 | 0.78 | 0.86 |
February 28, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,965,600K ÷ $4,303,700K
= 0.69
ConAgra Foods Inc's current ratio has fluctuated over the past few years, ranging from a low of 0.69 to a high of 0.97. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
The current ratio was at its lowest point of 0.69 on February 28, 2025, which could suggest potential liquidity challenges for the company at that time. On the other hand, the ratio peaked at 0.97 on several occasions, including February 26, 2023, February 28, 2023, May 26, 2024, and May 31, 2024, indicating improved liquidity positions during those periods.
Overall, the current ratio trend for ConAgra Foods Inc shows some variability, with periods of stronger liquidity positions interspersed with periods of weaker liquidity. It would be important to further investigate the factors contributing to these fluctuations to assess the company's financial health and ability to manage its short-term obligations effectively.
Peer comparison
Feb 28, 2025