Central Garden & Pet Company (CENT)
Current ratio
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,886,810 | 1,910,170 | 1,850,620 | 1,714,060 | 1,707,120 | 1,741,680 | 1,653,880 | 1,512,620 | 1,553,850 | 1,633,240 | 1,623,890 | 1,531,720 | 1,543,660 | 1,682,750 | 1,407,190 | 1,547,710 | 1,525,280 | 1,467,290 | 1,358,930 | 1,321,080 |
| Total current liabilities | US$ in thousands | 515,384 | 521,445 | 556,490 | 494,171 | 457,987 | 496,387 | 475,949 | 423,039 | 465,892 | 516,187 | 570,749 | 513,350 | 522,319 | 511,007 | 536,763 | 441,212 | 440,262 | 385,250 | 357,100 | 343,860 |
| Current ratio | 3.66 | 3.66 | 3.33 | 3.47 | 3.73 | 3.51 | 3.47 | 3.58 | 3.34 | 3.16 | 2.85 | 2.98 | 2.96 | 3.29 | 2.62 | 3.51 | 3.46 | 3.81 | 3.81 | 3.84 |
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 shown variability over the past years, ranging from a low of 2.62 to a high of 3.84. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A higher current ratio indicates a stronger ability to meet short-term obligations.
The current ratio has generally been robust, with recent values consistently above 3. This implies that Central Garden & Pet Company has a comfortable margin of safety in meeting its short-term obligations using its current assets. The stability and upward trend in the current ratio over the past few quarters suggest a healthy liquidity position for the company.
Overall, the current ratio analysis indicates that Central Garden & Pet Company has been effectively managing its short-term liquidity and is well-positioned to meet its current financial obligations.
Peer comparison
Sep 30, 2024