Cracker Barrel Old Country Store (CBRL)

Current ratio

		Aug 2, 2024	Apr 26, 2024	Jan 26, 2024	Oct 27, 2023	Jul 28, 2023	Apr 28, 2023	Jan 27, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	May 1, 2020	Jan 31, 2020	Nov 1, 2019
Total current assets	US$ in thousands	278,214	279,003	267,800	287,689	282,287	273,032	308,683	331,241	317,276	294,096	306,636	357,223	353,596	593,865	796,785	824,863	643,012	557,408	286,070	293,413
Total current liabilities	US$ in thousands	454,207	446,207	458,837	461,898	488,966	449,223	470,791	469,520	502,324	465,605	478,885	449,647	465,262	448,950	438,703	444,616	451,056	353,426	444,884	442,657
Current ratio		0.61	0.63	0.58	0.62	0.58	0.61	0.66	0.71	0.63	0.63	0.64	0.79	0.76	1.32	1.82	1.86	1.43	1.58	0.64	0.66

August 2, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $278,214K ÷ $454,207K
= 0.61

The current ratio of Cracker Barrel Old Country Store has shown some fluctuations over the past few quarters. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.

In the most recent period, the current ratio of 0.61 indicates that Cracker Barrel may have difficulty meeting its short-term obligations with its current assets alone. This suggests that the company may have more short-term liabilities than liquid current assets available.

Looking back over the past few quarters, there is a general trend of decreasing current ratios, indicating potential weakening liquidity over time. However, there have been periods when the current ratio improved, such as in the first quarter of 2021 where it reached 1.32. During these periods, the company had a higher ability to cover its short-term liabilities with current assets.

Overall, it is important for Cracker Barrel to closely monitor its current ratio and ensure that it maintains a healthy balance between current assets and liabilities to meet its short-term financial obligations effectively.