Central Garden & Pet Company (CENT)
Current ratio
Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
---|---|---|---|---|---|---|
Total current assets | US$ in thousands | 1,707,120 | 1,553,850 | 1,543,660 | 1,525,280 | 1,307,190 |
Total current liabilities | US$ in thousands | 457,987 | 465,892 | 522,319 | 440,262 | 278,525 |
Current ratio | 3.73 | 3.34 | 2.96 | 3.46 | 4.69 |
September 30, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,707,120K ÷ $457,987K
= 3.73
The current ratio of Central Garden & Pet Co. has shown fluctuations over the past five years. The ratio, which measures the company's ability to meet its short-term obligations with its current assets, increased to 3.73 in September 2023 from 3.34 in September 2022. This represents a positive trend in the company's short-term liquidity position. However, when comparing the current ratio to previous years, it appears to be lower than the 4.69 reported in September 2019, indicating a possible decrease in liquidity. The company should continue to monitor and manage its current assets and liabilities to ensure it can meet its short-term financial obligations effectively.
Peer comparison
Sep 30, 2023