Cal-Maine Foods Inc (CALM)
Current ratio
| Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,241,840 | 1,217,590 | 1,063,930 | 1,064,060 | 1,124,920 | 1,193,370 | 974,010 | 778,888 | 661,519 | 522,710 | 481,129 | 460,469 | 519,931 | 522,903 | 493,780 | 473,184 | 522,251 | 445,370 | 448,838 | 502,940 |
| Total current liabilities | US$ in thousands | 227,743 | 215,689 | 153,787 | 126,382 | 182,731 | 313,060 | 306,549 | 230,431 | 184,674 | 121,373 | 116,388 | 97,543 | 90,097 | 100,804 | 94,118 | 77,879 | 93,183 | 89,660 | 102,848 | 75,489 |
| Current ratio | 5.45 | 5.65 | 6.92 | 8.42 | 6.16 | 3.81 | 3.18 | 3.38 | 3.58 | 4.31 | 4.13 | 4.72 | 5.77 | 5.19 | 5.25 | 6.08 | 5.60 | 4.97 | 4.36 | 6.66 |
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 shown some fluctuations over the past 20 quarters, ranging from a low of 3.18 to a high of 8.42. Generally, the company has maintained a healthy current ratio above 3.0, indicating a strong ability to meet its short-term obligations using its current assets.
The current ratio peaked at 8.42 in September 2, 2023, suggesting that the company had significant current assets relative to its current liabilities at that time. This high ratio may indicate effective management of working capital and liquidity during that period.
On the other hand, the company saw a lower current ratio of 3.18 in February 25, 2023, which could suggest potential liquidity challenges or a temporary imbalance between current assets and current liabilities.
Overall, the current ratio of Cal-Maine Foods Inc has exhibited fluctuations but has generally remained at healthy levels, reflecting the company's ability to handle its short-term financial obligations effectively.