Campbell Soup Company Common Stock (CPB)
Cash ratio
| Jul 28, 2024 | Apr 28, 2024 | Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Nov 1, 2020 | Aug 2, 2020 | Apr 26, 2020 | Jan 26, 2020 | Oct 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 108,000 | 107,000 | 169,000 | 91,000 | 189,000 | 223,000 | 158,000 | 130,000 | 109,000 | 196,000 | 357,000 | 69,000 | 69,000 | 209,000 | 946,000 | 722,000 | 859,000 | 1,242,000 | 58,000 | 61,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,576,000 | 3,457,000 | 2,056,000 | 2,310,000 | 2,222,000 | 2,288,000 | 2,699,000 | 3,033,000 | 2,886,000 | 2,699,000 | 2,322,000 | 2,338,000 | 1,814,000 | 1,975,000 | 2,801,000 | 2,906,000 | 3,075,000 | 3,269,000 | 2,536,000 | 3,435,000 |
| Cash ratio | 0.03 | 0.03 | 0.08 | 0.04 | 0.09 | 0.10 | 0.06 | 0.04 | 0.04 | 0.07 | 0.15 | 0.03 | 0.04 | 0.11 | 0.34 | 0.25 | 0.28 | 0.38 | 0.02 | 0.02 |
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 Campbell Soup Company Common Stock cash ratio has demonstrated fluctuations over the past several quarters. The cash ratio, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, stood at 0.03 as of July 28, 2024. This indicates that the company had $0.03 in cash and cash equivalents for every $1 of short-term liabilities.
The trend in the cash ratio over the past few quarters has been somewhat erratic. There was a notable increase in the cash ratio in January 2024, where it reached 0.08, suggesting an improvement in the company's liquidity position. However, this ratio decreased in the following quarter and continued to fluctuate between 0.03 and 0.10 in subsequent quarters.
The cash ratio values below 0.1 in recent quarters may raise concerns regarding the company's ability to meet its short-term obligations solely through its cash reserves. Investors and creditors may monitor this metric closely to assess the company's liquidity position and financial health.
It is important to conduct further analysis and consider additional financial metrics to gain a comprehensive understanding of Campbell Soup Company's overall liquidity and financial performance.
Peer comparison
Jul 28, 2024