Campbell’s Co (CPB)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 132,000 | 143,000 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | 668,000 | 711,000 | 840,000 | 630,000 | 630,000 | 648,000 | 648,000 | 635,000 | 635,000 | 726,000 | 726,000 | 529,000 | 529,000 | 528,000 | 597,000 | 597,000 | 733,000 | 733,000 | 541,000 |
| 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 |
| Quick ratio | 0.05 | 0.28 | 0.45 | 0.48 | 0.21 | 0.21 | 0.22 | 0.22 | 0.39 | 0.39 | 0.35 | 0.35 | 0.32 | 0.32 | 0.33 | 0.28 | 0.28 | 0.28 | 0.28 | 0.23 |
July 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($132,000K
+ $—K
+ $—K)
÷ $2,906,000K
= 0.05
The analysis of Campbell’s Co quick ratio over the reported periods reveals notable fluctuations indicative of changes in the company’s short-term liquidity position.
Initially, at July 31, 2022, the quick ratio stood at 0.23, indicating a conservative liquidity stance, with less than one dollar in liquid assets available to cover each dollar of current liabilities. Moving into October 2022 and January 2023, the ratio increased modestly to 0.28, reflecting a slight improvement in the company's immediate liquidity. Throughout this period, the ratio remained relatively stable around this level, suggesting consistent short-term financial resilience.
A marked improvement occurred by April 2023, where the ratio rose to 0.33, and maintained a similar level in July 2023 at 0.32. This upward trend indicates that the company enhanced its liquid assets relative to its current liabilities, potentially through increased cash and cash equivalents or reduction in current liabilities, bolstering its liquidity buffer.
In the subsequent periods, from October 2023 through early 2024, the quick ratio continued to rise, reaching 0.48 in October 2023 and 0.45 in January 2024. These figures imply a strengthening liquidity position, with nearly half a dollar of liquid assets available per dollar of current liabilities, positioning Campbell’s Co favorably in short-term solvency.
However, a significant decline was observed later, with the ratio dropping sharply to 0.22 by April and July 2024. The ratio further declined to 0.21 in late July 2024, approaching the lower end of acceptable liquidity levels and suggesting a deterioration in the company’s ability to meet immediate obligations solely with liquid assets.
Interestingly, a substantial rebound occurred in October 2024, where the ratio surged to 0.48, exceeding previous levels, thus indicating a robust short-term liquidity position. The ratio remained relatively high at 0.45 in January 2025. Yet, this recovery was short-lived; by April 2025, the ratio reduced to 0.28, and further declined to a notably low level of 0.05 by late July 2025. The near-zero value underscores a critical liquidity concern, reflecting that liquid assets have diminished significantly relative to current liabilities, raising potential concerns regarding immediate financial health.
In summary, the quick ratio of Campbell’s Co has demonstrated considerable volatility over the observed periods. The initial modest ratio improved through 2023, peaked around late 2023 to early 2024, then experienced sharp declines and subsequent fluctuations. The most recent figures indicate a markedly diminished liquidity position with a very low quick ratio, suggesting increased liquidity risk if the trend persists.