Central Garden & Pet Company A (CENTA)
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 exhibited fluctuating trends over the past five years. As of September 30, 2023, the current ratio stands at 3.73, indicating an increase compared to the prior year (3.34). This suggests an improvement in the company's short-term liquidity and ability to meet its current obligations using its current assets. However, it is important to note that the current ratio has varied considerably over the years, reaching a low of 2.96 in September 25, 2021, and a high of 4.69 in September 28, 2019. These fluctuations may indicate changes in the company's operating and financial performance, and it is advisable to consider additional financial metrics and qualitative factors for a comprehensive assessment of Central Garden & Pet Co.'s financial health.
Peer comparison
Sep 30, 2023