Campbell Soup Company Common Stock (CPB)
Cash ratio
| Jul 28, 2024 | Jul 30, 2023 | Jul 31, 2022 | Aug 1, 2021 | Aug 2, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 108,000 | 189,000 | 109,000 | 69,000 | 859,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,576,000 | 2,222,000 | 2,886,000 | 1,814,000 | 3,075,000 |
| Cash ratio | 0.03 | 0.09 | 0.04 | 0.04 | 0.28 |
July 28, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($108,000K
+ $—K)
÷ $3,576,000K
= 0.03
The cash ratio of Campbell Soup Company Common Stock has fluctuated over the past five years, with a notable decrease from 0.28 in 2020 to 0.03 in 2024. This ratio indicates the company's ability to cover its current liabilities solely with its cash and cash equivalents. A cash ratio of 0.03 in 2024 suggests that for every dollar of current liabilities, the company only has $0.03 in cash and cash equivalents available. This decline may raise concerns about the company's liquidity position. It is important to monitor future trends in the cash ratio to assess the company's ability to meet its short-term obligations efficiently.
Peer comparison
Jul 28, 2024