Calavo Growers Inc (CVGW)
Current ratio
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 245,597 | 133,370 | 150,360 | 144,740 | 132,911 | 125,674 | 148,445 | 185,937 | 179,537 | 152,641 | 158,267 | 170,387 | 145,120 | 135,895 | 138,414 | 146,430 | 144,530 | 127,515 | 152,234 | 152,383 |
| Total current liabilities | US$ in thousands | 120,895 | 81,746 | 101,309 | 115,782 | 105,122 | 101,953 | 118,454 | 140,248 | 116,876 | 114,624 | 100,714 | 95,584 | 81,137 | 106,331 | 98,414 | 121,015 | 113,132 | 90,629 | 99,677 | 109,855 |
| Current ratio | 2.03 | 1.63 | 1.48 | 1.25 | 1.26 | 1.23 | 1.25 | 1.33 | 1.54 | 1.33 | 1.57 | 1.78 | 1.79 | 1.28 | 1.41 | 1.21 | 1.28 | 1.41 | 1.53 | 1.39 |
January 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $245,597K ÷ $120,895K
= 2.03
The current ratio of Calavo Growers Inc has shown fluctuations over the past few quarters. As of January 31, 2024, the current ratio stands at 2.03, indicating that the company has $2.03 in current assets for every $1 in current liabilities. This suggests a strong liquidity position and the ability to cover short-term obligations comfortably.
Comparing this to previous periods, we observe that the current ratio has generally been increasing since the beginning of 2023 when it was 1.26. This upward trend indicates an improvement in the company's ability to meet its short-term obligations as well as potentially indicating better management of working capital.
It is worth noting that the current ratio peaked at 2.03 in the latest period, which demonstrates a significant increase compared to previous quarters. This may suggest increased efficiency in managing current assets and liabilities or a shift in the company's liquidity management strategy.
Overall, the current ratio of Calavo Growers Inc has been on an upward trajectory, reflecting a stronger liquidity position and improved short-term financial health over the past few quarters. However, it is important to continue monitoring this ratio to ensure sustainability and efficiency in managing current assets and liabilities.