Flowers Foods Inc (FLO)

Current ratio

		Dec 31, 2023	Oct 7, 2023	Jul 15, 2023	Apr 22, 2023	Dec 31, 2022	Oct 8, 2022	Apr 23, 2022	Dec 31, 2021	Oct 9, 2021	Jul 17, 2021	Apr 24, 2021	Dec 31, 2020	Sep 30, 2020	Jul 11, 2020	Apr 18, 2020	Dec 31, 2019	Oct 5, 2019	Jul 13, 2019	Apr 20, 2019	Dec 31, 2018
Total current assets	US$ in thousands	687,713	714,579	748,940	715,853	804,940	835,416	818,866	746,118	849,333	839,972	788,131	838,203	866,643	849,472	831,820	553,918	565,827	569,461	577,388	543,724
Total current liabilities	US$ in thousands	659,152	669,859	555,457	542,119	564,425	594,531	538,024	519,917	536,591	509,767	461,206	504,105	516,283	538,076	504,914	528,143	521,942	494,945	495,145	400,339
Current ratio		1.04	1.07	1.35	1.32	1.43	1.41	1.52	1.44	1.58	1.65	1.71	1.66	1.68	1.58	1.65	1.05	1.08	1.15	1.17	1.36

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $687,713K ÷ $659,152K
= 1.04

The current ratio of Flowers Foods Inc has shown some fluctuations over the past few years. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio of above 1 indicates that the company has more current assets than current liabilities.

Flowers Foods Inc's current ratio ranged from 1.04 to 1.71 over the past five years, indicating that the company generally had sufficient current assets to cover its short-term obligations. The company's current ratio peaked at 1.71 in April 2021, suggesting a strong ability to meet its short-term financial obligations.

However, the current ratio has since decreased and fluctuated between 1.04 and 1.58 in the most recent periods, signifying a slight decline in the company's short-term liquidity position. It is essential for investors and stakeholders to monitor the trend of the current ratio over time to assess the company's evolving liquidity position and ability to meet its short-term obligations.