Campbell’s Co (CPB)
Cash ratio
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Jul 28, 2024 | Apr 30, 2024 | Apr 28, 2024 | Jan 31, 2024 | Jan 28, 2024 | Oct 31, 2023 | Oct 29, 2023 | Jul 31, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 31, 2023 | Jan 29, 2023 | Oct 31, 2022 | Oct 30, 2022 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 132,000 | 143,000 | 829,000 | 808,000 | 108,000 | 108,000 | 107,000 | 107,000 | 169,000 | 169,000 | 91,000 | 91,000 | 189,000 | 189,000 | 223,000 | 158,000 | 158,000 | 130,000 | 130,000 | 109,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,906,000 | 2,849,000 | 3,413,000 | 3,465,000 | 3,576,000 | 3,576,000 | 3,457,000 | 3,457,000 | 2,056,000 | 2,056,000 | 2,310,000 | 2,310,000 | 2,222,000 | 2,222,000 | 2,288,000 | 2,699,000 | 2,699,000 | 3,033,000 | 3,033,000 | 2,886,000 |
| Cash ratio | 0.05 | 0.05 | 0.24 | 0.23 | 0.03 | 0.03 | 0.03 | 0.03 | 0.08 | 0.08 | 0.04 | 0.04 | 0.09 | 0.09 | 0.10 | 0.06 | 0.06 | 0.04 | 0.04 | 0.04 |
July 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($132,000K
+ $—K)
÷ $2,906,000K
= 0.05
The cash ratio of Campbell’s Co has exhibited considerable fluctuations over the reported periods, indicating varying degrees of liquidity in maintaining immediate short-term obligations with cash and cash equivalents. From late 2022 to mid-2023, the cash ratio remained relatively low and stable, averaging around 0.04 to 0.10, suggesting that the company consistently held only a small proportion of its current liabilities in cash or cash equivalents. Notably, in the quarter ending April 2023, the ratio increased to a peak of approximately 0.10, reflecting a marginal improvement in liquidity. However, this increase was not sustained, as subsequent periods saw a decline back to 0.04 by October 2023, indicating a return to a lower level of cash coverage.
A significant shift was observed at the end of the fiscal year 2024, where the cash ratio notably increased to approximately 0.23-0.24, signifying a substantial enhancement in the company's liquidity position and its ability to meet short-term liabilities solely through cash holdings. Nevertheless, this elevated ratio decreased to 0.03-0.05 during the subsequent quarters of mid-2025, illustrating a rapid contraction in immediate cash liquidity.
Overall, Campbell’s Co’s cash ratio demonstrates a pattern of volatility, with periods of liquidity enhancement followed by reductions, which could reflect strategic cash management decisions or variations in cash flow. The current low levels of the cash ratio suggest a reliance on other sources of liquidity beyond cash for short-term obligations, with occasional periods of higher cash holdings that temporarily improve immediate liquidity.