Campbell’s Co (CPB)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 132,000 | 2,226,000 | 3,181,000 | 3,137,000 | 2,190,000 | 2,190,000 | 2,139,000 | 2,139,000 | 2,070,000 | 2,070,000 | 2,239,000 | 2,239,000 | 2,061,000 | 2,061,000 | 2,104,000 | 2,087,000 | 2,087,000 | 2,304,000 | 2,304,000 | 1,963,000 |
| 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 |
| Current ratio | 0.05 | 0.78 | 0.93 | 0.91 | 0.61 | 0.61 | 0.62 | 0.62 | 1.01 | 1.01 | 0.97 | 0.97 | 0.93 | 0.93 | 0.92 | 0.77 | 0.77 | 0.76 | 0.76 | 0.68 |
July 31, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $132,000K ÷ $2,906,000K
= 0.05
The analysis of Campbell’s Co current ratio over the specified period reveals notable fluctuations and trends. Initially, the ratio was approximately 0.68 as of July 31, 2022, indicating that the company’s current assets were insufficient to cover its current liabilities, reflecting a potentially precarious short-term liquidity position.
Subsequently, there was a steady improvement in the current ratio, reaching 0.76 by October 30, 2022, and maintaining this level through October 31, 2022. This upward movement continued, with the ratio reaching 0.77 by January 29, 2023. Through this period, the ratio remained below 1.0, suggesting that current liabilities slightly exceeded current assets.
The most significant positive shift occurred between April 30, 2023, and October 29, 2023, where the current ratio increased from 0.92 to 0.97, approaching a more balanced short-term liquidity position but still remaining below 1.0. This trend continued, with the ratio reaching 1.01 by January 28, 2024, indicating that current assets slightly surpassed current liabilities, improving the company's liquidity stance to a more comfortable level.
However, there was a notable decline afterward, with the ratio dropping sharply to 0.62 by April 28, 2024, and remaining at that level through July 28, 2024. This decline persisted, with the current ratio falling further to 0.61 by July 31, 2024, indicating a deteriorating liquidity position, as current liabilities significantly exceeded current assets.
A partial recovery is observed in the subsequent period, with the ratio increasing again to 0.91 as of October 31, 2024, and slightly higher to 0.93 by January 31, 2025. Nonetheless, the ratio remains below the generally accepted threshold of 1.0 in most periods, reflecting ongoing liquidity concerns.
A dramatic and concerning drop is evident in the period ending July 31, 2025, where the current ratio fell sharply to 0.05, indicating an extremely weak liquidity position, with current assets grossly insufficient to meet current liabilities. Such a level warrants close scrutiny due to its severity, suggesting potential liquidity crises or significant asset/liability misalignments.
Overall, the trend in Campbell’s Co current ratio illustrates a pattern of initial liquidity improvement followed by periods of deterioration, culminating in a critical liquidity shortfall by mid-2025. This fluctuation highlights the importance of ongoing liquidity management and the potential risk of insolvency if the current ratio remains persistently below 1.0, especially at the critically low levels observed in mid-2025.