Fresh Del Monte Produce Inc (FDP)
Current ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 1,051,500 | 1,048,800 | 1,094,700 | 1,189,300 |
| Total current liabilities | US$ in thousands | 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 | 562,900 | 538,800 | 1,200,400 | 620,700 |
| Current ratio | 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 | 1.87 | 1.95 | 0.91 | 1.92 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,144,300K ÷ $540,600K
= 2.12
The current ratio of Fresh Del Monte Produce Inc has shown some fluctuations over the past several quarters, ranging from a low of 0.91 to a high of 2.12. Generally, the company's current ratio has been above 1, indicating that it has sufficient current assets to cover its current liabilities.
The current ratio reached its peak at 2.12 on Dec 31, 2023, suggesting a strong ability to meet short-term obligations. However, it decreased to 1.88 on Sep 30, 2022, before rebounding to 2.07 on Mar 31, 2023. The ratio then dipped to 1.73 on Jun 30, 2022, and gradually improved in subsequent quarters.
Overall, the current ratio trend of Fresh Del Monte Produce Inc reflects a generally healthy liquidity position, with fluctuations that may be influenced by seasonal variations in the business or specific factors affecting its current asset and liability levels. It is important for the company to maintain a current ratio above 1 to ensure it can meet its short-term financial obligations.
Peer comparison
Dec 31, 2023