Campbell Soup Company Common Stock (CPB)
Quick ratio
| Jul 31, 2024 | Jul 28, 2024 | Jul 31, 2023 | Jul 30, 2023 | Jul 31, 2022 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 108,000 | 108,000 | 189,000 | 189,000 | 109,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | 630,000 | — | 529,000 | — |
| Total current liabilities | US$ in thousands | 3,576,000 | 3,576,000 | 2,222,000 | 2,222,000 | 2,886,000 |
| Quick ratio | 0.03 | 0.21 | 0.09 | 0.32 | 0.04 |
July 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($108,000K
+ $—K
+ $—K)
÷ $3,576,000K
= 0.03
The quick ratio of Campbell Soup Company Common Stock has exhibited fluctuating trends over the past few years, as shown in the data provided. As of July 31, 2022, the quick ratio was exceptionally low at 0.04, indicating a limited ability to cover immediate liabilities with its most liquid assets. Subsequently, there was a noticeable improvement by July 30, 2023, with the ratio increasing to 0.32, suggesting a better short-term liquidity position.
However, the quick ratio dropped to 0.09 by July 31, 2023, signaling a potential dip in the company's ability to meet short-term obligations without relying heavily on inventory. There was a recovery observed on July 28, 2024, where the ratio rose to 0.21, demonstrating a slightly improved liquidity position compared to the previous year.
Nonetheless, as of July 31, 2024, the quick ratio decreased again to 0.03, signaling a significant decline in the company's ability to quickly cover its short-term debts with its liquid assets. Overall, the fluctuating nature of Campbell Soup Company's quick ratio indicates varying levels of liquidity challenges and highlights the importance of closely monitoring its short-term liquidity management.
Peer comparison
Jul 31, 2024