Campbell Soup Company Common Stock (CPB)
Cash ratio
| Jul 31, 2024 | Jul 28, 2024 | Jul 31, 2023 | Jul 30, 2023 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 108,000 | 108,000 | 189,000 | 189,000 | 109,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,576,000 | 3,576,000 | 2,222,000 | 2,222,000 | 2,886,000 |
| Cash ratio | 0.03 | 0.03 | 0.09 | 0.09 | 0.04 |
July 31, 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 few years based on the provided data. As of July 31, 2022, the cash ratio was 0.04, indicating that the company had $0.04 in cash for every $1 of current liabilities. By July 30, 2023, and July 31, 2023, the cash ratio improved to 0.09, indicating a stronger liquidity position. However, there was a decrease in the cash ratio to 0.03 by both July 28, 2024, and July 31, 2024. This decrease suggests a potential decrease in the company's ability to cover its short-term obligations with its cash resources during those periods. Further analysis of the company's cash management practices and overall financial health would be necessary to fully understand the implications of these fluctuations in the cash ratio.
Peer comparison
Jul 31, 2024