Campbell Soup Company Common Stock (CPB)
Current ratio
| Jul 31, 2024 | Jul 28, 2024 | Jul 31, 2023 | Jul 30, 2023 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,190,000 | 2,190,000 | 2,061,000 | 2,061,000 | 1,963,000 |
| Total current liabilities | US$ in thousands | 3,576,000 | 3,576,000 | 2,222,000 | 2,222,000 | 2,886,000 |
| Current ratio | 0.61 | 0.61 | 0.93 | 0.93 | 0.68 |
July 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,190,000K ÷ $3,576,000K
= 0.61
The current ratio of Campbell Soup Company Common Stock, a measure of the company's short-term liquidity and ability to cover its current liabilities with its current assets, has fluctuated over the past few years. As of July 31, 2022, the current ratio was 0.68, indicating that the company may have had difficulties meeting its short-term obligations. However, by July 30, 2023, and July 31, 2023, the current ratio improved to 0.93, suggesting a better position to cover current liabilities.
Unfortunately, there was a decline in the current ratio to 0.61 as of both July 28, 2024, and July 31, 2024, signaling a potential strain on the company's ability to meet short-term obligations with its current assets. It is essential for investors and stakeholders to monitor this metric closely, as a declining current ratio may indicate liquidity challenges for the company.
Peer comparison
Jul 31, 2024