Campbell Soup Company Common Stock (CPB)
Current ratio
| Jul 28, 2024 | Jul 30, 2023 | Jul 31, 2022 | Aug 1, 2021 | Aug 2, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,190,000 | 2,061,000 | 1,963,000 | 1,695,000 | 2,385,000 |
| Total current liabilities | US$ in thousands | 3,576,000 | 2,222,000 | 2,886,000 | 1,814,000 | 3,075,000 |
| Current ratio | 0.61 | 0.93 | 0.68 | 0.93 | 0.78 |
July 28, 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 has exhibited fluctuating trends over the past five fiscal years, ranging from a low of 0.61 on Jul 28, 2024, to a high of 0.93 on both Jul 30, 2023, and Aug 1, 2021. The current ratio measures the company's ability to cover its current liabilities with its current assets, with a ratio below 1 indicating potential liquidity concerns. The downward trend seen in the current ratio from 0.93 in 2023 to 0.61 in 2024 suggests a decrease in the company's liquidity position, raising questions regarding its ability to meet short-term obligations. Further analysis of Campbell Soup Company's financial health and operational efficiency is warranted to provide a comprehensive assessment of its liquidity management.
Peer comparison
Jul 28, 2024