Fresh Del Monte Produce Inc (FDP)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,132,900 | 1,166,300 | 1,104,200 | 1,180,500 | 1,144,300 | 1,165,400 | 1,177,500 | 1,245,900 | 1,241,400 | 1,193,200 | 1,145,100 | 1,218,000 | 1,096,400 | 1,046,600 | 1,032,000 | 1,099,400 | 1,012,300 | 990,000 | 1,003,600 | 1,091,900 |
| Total current liabilities | US$ in thousands | 533,100 | 556,900 | 532,000 | 546,200 | 540,600 | 577,700 | 598,200 | 603,000 | 607,000 | 634,700 | 663,000 | 676,300 | 629,200 | 588,600 | 563,300 | 598,700 | 554,800 | 549,200 | 551,500 | 592,800 |
| Current ratio | 2.13 | 2.09 | 2.08 | 2.16 | 2.12 | 2.02 | 1.97 | 2.07 | 2.05 | 1.88 | 1.73 | 1.80 | 1.74 | 1.78 | 1.83 | 1.84 | 1.82 | 1.80 | 1.82 | 1.84 |
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 shown fluctuations over the past few years, ranging from a low of 1.73 in June 2022 to a high of 2.16 in March 2024. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities, which is generally seen as a positive sign of financial health.
The current ratio gradually improved from 1.84 in March 2020 to 2.13 in December 2024, indicating that Fresh Del Monte Produce Inc has been managing its short-term obligations effectively and maintaining a healthy liquidity position. The ratio peaked in December 2024, suggesting that the company had a strong ability to cover its short-term liabilities with its current assets at that point in time.
Overall, the trend in Fresh Del Monte Produce Inc's current ratio implies a strengthening liquidity position and the company's ability to meet its short-term financial obligations comfortably over the years.
Peer comparison
Dec 31, 2024