Cal-Maine Foods Inc (CALM)
Current ratio
| Jun 1, 2024 | Jun 3, 2023 | May 28, 2022 | May 29, 2021 | May 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,241,840 | 1,124,920 | 661,519 | 519,931 | 522,251 |
| Total current liabilities | US$ in thousands | 227,743 | 182,731 | 184,674 | 90,097 | 93,183 |
| Current ratio | 5.45 | 6.16 | 3.58 | 5.77 | 5.60 |
June 1, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,241,840K ÷ $227,743K
= 5.45
The current ratio of Cal-Maine Foods Inc has fluctuated over the past five years, with the current ratio being 5.45 as of June 1, 2024. This indicates that the company has $5.45 in current assets for every $1 in current liabilities, showing a strong ability to cover its short-term obligations. Comparing this to the previous years, there has been a downward trend from 6.16 in June 3, 2023, to 3.58 in May 28, 2022, before recovering to 5.77 in May 29, 2021, and then slightly decreasing to 5.60 in May 30, 2020. Overall, the current ratio of Cal-Maine Foods Inc suggests that the company has maintained a position of financial strength and liquidity in recent years, although further analysis of the components of current assets and liabilities would provide a more comprehensive assessment.