Campbell Soup Company Common Stock (CPB)

Current 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
Total current assets	US$ in thousands	2,190,000	2,139,000	2,070,000	2,239,000	2,061,000	2,104,000	2,087,000	2,304,000	1,963,000	1,852,000	1,980,000	1,876,000	1,695,000	1,863,000	2,535,000	2,463,000	2,385,000	2,746,000	1,556,000	2,053,000
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
Current ratio		0.61	0.62	1.01	0.97	0.93	0.92	0.77	0.76	0.68	0.69	0.85	0.80	0.93	0.94	0.91	0.85	0.78	0.84	0.61	0.60

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 fluctuated over the past several quarters, ranging from a low of 0.60 to a high of 1.01. The current ratio is a measure of a company's ability to meet its short-term obligations with its current assets.

The downward trend in the current ratio from January 2023 to October 2023 may indicate a potential liquidity concern for the company during this period. However, the current ratio improved in the subsequent quarters, with the ratio exceeding 0.90 in five of the last six reported quarters. This may suggest an improvement in the company's liquidity position.

Overall, while the current ratio has shown some volatility, it appears to have stabilized in recent quarters. Investors and analysts may want to monitor the company's current assets and liabilities closely in future periods to assess its ability to meet short-term financial obligations.