ConAgra Foods Inc (CAG)

Current ratio

		May 26, 2024	Feb 25, 2024	Nov 26, 2023	Aug 27, 2023	May 28, 2023	Feb 26, 2023	Nov 27, 2022	Aug 28, 2022	May 29, 2022	Feb 27, 2022	Nov 28, 2021	Aug 29, 2021	May 30, 2021	Feb 28, 2021	Nov 29, 2020	Aug 30, 2020	May 31, 2020	Feb 23, 2020	Nov 24, 2019	Aug 25, 2019
Total current assets	US$ in thousands	3,149,500	3,285,800	3,469,100	3,573,500	3,385,000	3,454,700	3,416,400	3,233,800	3,033,700	2,914,600	3,039,300	2,972,200	2,702,100	2,627,900	2,797,700	2,935,100	2,885,900	2,709,400	3,029,600	2,728,000
Total current liabilities	US$ in thousands	3,241,800	3,470,900	3,833,100	3,940,100	4,440,700	3,561,000	3,722,700	4,160,300	3,518,800	3,524,600	3,277,000	3,090,300	3,306,200	3,291,100	3,351,400	3,101,900	3,287,400	3,127,100	3,425,800	2,449,900
Current ratio		0.97	0.95	0.91	0.91	0.76	0.97	0.92	0.78	0.86	0.83	0.93	0.96	0.82	0.80	0.83	0.95	0.88	0.87	0.88	1.11

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 shown some fluctuations over the past years. The ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio less than 1 indicates that the company may have difficulty meeting its short-term obligations.

Looking at the data, the current ratio has ranged from a low of 0.76 to a high of 1.11 over the past few years. This indicates that there have been periods where ConAgra had more current assets to cover its short-term liabilities, and other times where it was more constrained.

Overall, the current ratio has generally been below 1, which may raise concerns about the company's short-term liquidity and ability to meet its current obligations. It is important for investors and stakeholders to closely monitor this ratio to ensure that ConAgra has sufficient liquidity to sustain its operations.