Darden Restaurants Inc (DRI)

Current ratio

Feb 28, 2025 Nov 30, 2024 Aug 31, 2024 May 31, 2024 May 26, 2024 Feb 29, 2024 Feb 25, 2024 Nov 30, 2023 Nov 26, 2023 Aug 31, 2023 Aug 27, 2023 May 31, 2023 May 28, 2023 Feb 28, 2023 Feb 26, 2023 Nov 30, 2022 Nov 27, 2022 Aug 31, 2022 Aug 28, 2022 May 31, 2022
Total current assets US$ in thousands 880,600 879,600 819,600 822,800 822,800 876,400 876,400 867,700 867,700 835,700 835,700 997,700 997,700 890,900 890,900 892,100 892,100 941,000 941,000 1,179,400
Total current liabilities US$ in thousands 2,283,100 2,401,000 2,324,700 2,192,500 2,192,500 2,272,400 2,272,400 2,381,600 2,381,600 2,094,200 2,094,200 1,937,400 1,937,400 1,950,400 1,950,400 1,906,400 1,906,400 1,825,300 1,825,300 1,847,500
Current ratio 0.39 0.37 0.35 0.38 0.38 0.39 0.39 0.36 0.36 0.40 0.40 0.51 0.51 0.46 0.46 0.47 0.47 0.52 0.52 0.64

February 28, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $880,600K ÷ $2,283,100K
= 0.39

The current ratio of Darden Restaurants Inc has been declining over the past few periods, indicating a potential liquidity issue as it currently stands at 0.39, based on the latest data available as of February 28, 2025. This suggests that the company may have difficulties meeting its short-term obligations with its current assets alone. A current ratio below 1 typically raises concerns about the company's ability to cover its short-term liabilities. It would be advisable for stakeholders to monitor this trend closely to ensure that Darden Restaurants Inc can maintain a healthy level of liquidity in the future.