ConAgra Foods Inc (CAG)
Current ratio
| May 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,071,000 | 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 |
| Total current liabilities | US$ in thousands | 4,317,000 | 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 |
| Current ratio | 0.71 | 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 |
May 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,071,000K ÷ $4,317,000K
= 0.71
The analysis of ConAgra Foods Inc.'s current ratio over the specified time periods reveals fluctuations indicative of the company's short-term liquidity position. During the period ending in late 2022, the current ratio generally remained below 1.0, with values of 0.78 in August and November, suggesting a relatively tight liquidity position and potential challenges in meeting short-term obligations solely through current assets.
In early 2023, the current ratio shows gradual improvement, reaching nearly 1.0 (0.97) by February, which indicates a marginally better capacity to cover short-term liabilities. This upward trend is maintained through mid-2023, with the ratio declining slightly again to 0.76 in May, but thereafter rebounding to approximately 0.91 in late summer (August 2023) and remaining stable through late 2023, at around 0.91.
The most recent data period in early 2024 demonstrates a continued improvement, with the ratio increasing to 0.95 in February and further to 0.97 in late May 2024, reflecting an enhanced liquidity position. However, a notable decline occurs by the end of 2024, with the ratio falling to 0.70 in November. This significant decrease suggests a deterioration in liquidity, potentially indicating increased current liabilities or a reduction in current assets at that time.
Looking forward into early 2025, the current ratio slightly stabilizes at around 0.69 to 0.71, maintaining below the 1.0 threshold, which continues to imply potential liquidity constraints and a dependence on efficient management of current assets and liabilities to meet obligations.
Overall, ConAgra Foods Inc.'s current ratio exhibits periods of improvement but consistently remains below or near 1.0 in several periods, indicating that the company's liquidity position often approaches marginal levels. This pattern suggests the importance of close monitoring of working capital management and liquidity strategies to ensure the ability to meet short-term liabilities without undue reliance on liquidating long-term assets or securing additional financing.
Peer comparison
May 31, 2025