Fresh Del Monte Produce Inc (FDP)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,132,900 | 1,144,300 | 1,241,400 | 1,096,400 | 1,012,300 |
| Total current liabilities | US$ in thousands | 533,100 | 540,600 | 607,000 | 629,200 | 554,800 |
| Current ratio | 2.13 | 2.12 | 2.05 | 1.74 | 1.82 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,132,900K ÷ $533,100K
= 2.13
Fresh Del Monte Produce Inc's current ratio has been relatively stable over the past five years, indicating the company's ability to meet its short-term obligations with its current assets. The current ratio increased from 1.82 in December 2020 to 2.13 in December 2024, suggesting an improvement in the company's liquidity position. This trend suggests that Fresh Del Monte Produce Inc has been managing its current assets and liabilities effectively, potentially indicating efficient working capital management. A current ratio above 1 indicates that the company has more current assets than current liabilities, providing a buffer against potential financial difficulties. Overall, based on the current ratio trend, Fresh Del Monte Produce Inc appears to have maintained a healthy liquidity position in recent years.
Peer comparison
Dec 31, 2024