Central Garden & Pet Company (CENT)
Current ratio
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,886,810 | 1,707,120 | 1,553,850 | 1,543,660 | 1,525,280 |
| Total current liabilities | US$ in thousands | 515,384 | 457,987 | 465,892 | 522,319 | 440,262 |
| Current ratio | 3.66 | 3.73 | 3.34 | 2.96 | 3.46 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,886,810K ÷ $515,384K
= 3.66
The current ratio of Central Garden & Pet Company has exhibited fluctuations over the past five years. The ratio was 3.66 in September 2024, 3.73 in September 2023, 3.34 in September 2022, 2.96 in September 2021, and 3.46 in September 2020.
A current ratio above 1 indicates that the company has more current assets than current liabilities, reflecting a strong liquidity position. Central Garden & Pet Company has maintained a current ratio above 1 in all years, suggesting that it has been able to cover its short-term obligations comfortably.
The decreasing trend from 3.73 in 2023 to 3.66 in 2024 may indicate a slight decline in liquidity, although the current ratio remains at a healthy level. The company's ability to meet its short-term liabilities has been relatively consistent over the past five years, with the current ratio generally above 3.
Overall, Central Garden & Pet Company's current ratio suggests that the company has a strong ability to meet its short-term obligations with its current assets.
Peer comparison
Sep 30, 2024