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

Company name
Symbol
Current ratio
Central Garden & Pet Company
CENT
3.73
Central Garden & Pet Company A
CENTA
3.73
Vestis Corporation
VSTS
2.58