Campbell Soup Company Common Stock (CPB)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 108,000 | 107,000 | 169,000 | 91,000 | 189,000 | 223,000 | 158,000 | 130,000 | 109,000 | 196,000 | 357,000 | 69,000 | 69,000 | 209,000 | 946,000 | 722,000 | 859,000 | 1,242,000 | 58,000 | 61,000 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 630,000 | 648,000 | 635,000 | 726,000 | 529,000 | 528,000 | 597,000 | 733,000 | 541,000 | 511,000 | 610,000 | 731,000 | 595,000 | 580,000 | 702,000 | 765,000 | 575,000 | 662,000 | 660,000 | 729,000 |
| 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 |
| Quick ratio | 0.21 | 0.22 | 0.39 | 0.35 | 0.32 | 0.33 | 0.28 | 0.28 | 0.23 | 0.26 | 0.42 | 0.34 | 0.37 | 0.40 | 0.59 | 0.51 | 0.47 | 0.58 | 0.28 | 0.23 |
July 28, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($108,000K
+ $—K
+ $630,000K)
÷ $3,576,000K
= 0.21
The quick ratio of Campbell Soup Company Common Stock has shown fluctuations over the past few quarters, ranging from a low of 0.21 to a high of 0.59. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A ratio below 1 indicates that the company may have difficulty covering its short-term liabilities with its current assets.
In recent quarters, the quick ratio has generally been below 1, indicating potential liquidity challenges for Campbell Soup Company. However, the ratio has shown some improvement in the most recent quarter compared to previous periods, reaching 0.39. This suggests that the company may be managing its short-term liquidity more effectively.
It is important for investors to monitor the trend of the quick ratio over time to assess Campbell Soup Company's ability to meet its short-term obligations without relying heavily on inventory or slower-moving assets. A consistent improvement in the quick ratio would indicate stronger liquidity position and financial health for the company.
Peer comparison
Jul 28, 2024