Campbell Soup Company Common Stock (CPB)
Quick ratio
| 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 | May 1, 2022 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 829,000 | 808,000 | 108,000 | 108,000 | 107,000 | 107,000 | 169,000 | 169,000 | 91,000 | 91,000 | 189,000 | 189,000 | 223,000 | 158,000 | 158,000 | 130,000 | 130,000 | 109,000 | 196,000 | 196,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | 630,000 | — | 648,000 | — | 635,000 | — | 726,000 | — | 529,000 | — | — | 597,000 | — | 733,000 | — | 511,000 | — |
| Total current liabilities | US$ in thousands | 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 | 2,699,000 | 2,699,000 |
| Quick ratio | 0.24 | 0.23 | 0.03 | 0.21 | 0.03 | 0.22 | 0.08 | 0.39 | 0.04 | 0.35 | 0.09 | 0.32 | 0.10 | 0.06 | 0.28 | 0.04 | 0.28 | 0.04 | 0.26 | 0.07 |
January 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($829,000K
+ $—K
+ $—K)
÷ $3,413,000K
= 0.24
The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. In the case of Campbell Soup Company Common Stock, the quick ratio has shown fluctuating trends over the periods presented.
Looking at the data provided, the quick ratio for Campbell Soup Company Common Stock ranged from a low of 0.03 to a high of 0.39 during the periods listed. The lowest quick ratio of 0.03 indicates that the company had minimal liquid assets compared to its current liabilities, suggesting potential difficulty in meeting short-term obligations. Conversely, the highest quick ratio of 0.39 reflects a stronger liquidity position, indicating the company had a higher proportion of liquid assets available to cover its short-term liabilities.
It's important to note that a quick ratio below 1.0 may signify potential liquidity issues, as it implies the company may not have sufficient liquid assets to cover its short-term liabilities. The fluctuations in the quick ratio for Campbell Soup Company Common Stock suggest varying levels of liquidity management over the periods analyzed.
Overall, investors and analysts should closely monitor Campbell Soup Company's quick ratio to assess its ability to manage short-term obligations and ensure financial stability. Additionally, further analysis and comparison with industry benchmarks would provide a more comprehensive understanding of the company's liquidity position.
Peer comparison
Jan 31, 2025