Central Garden & Pet Company A (CENTA)
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 for Central Garden & Pet Company A has shown fluctuations over the past few quarters, ranging from a low of 2.62 to a high of 3.84. The ratios have generally remained above 3, indicating that the company has a strong ability to cover its short-term obligations with its current assets. The highest current ratio of 3.84 was observed in the fourth quarter of 2019, suggesting a robust liquidity position at that time.
However, there has been some variability in the current ratio over the quarters, which may indicate changes in the company's liquidity position or working capital management. For example, the ratio decreased to 2.85 in the second quarter of 2022 before recovering to 3.34 in the third quarter of the same year.
Overall, the current ratio trend for Central Garden & Pet Company A demonstrates a generally healthy liquidity position, with the company being able to meet its short-term obligations comfortably with its current assets. It is important for the company to continue monitoring and managing its working capital effectively to ensure adequate liquidity for future operations and growth.
Peer comparison
Sep 30, 2024