John B Sanfilippo & Son Inc (JBSS)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 294,085 | 254,430 | 283,164 | 225,167 | 238,871 |
| Total current liabilities | US$ in thousands | 125,940 | 85,688 | 122,762 | 100,204 | 112,168 |
| Current ratio | 2.34 | 2.97 | 2.31 | 2.25 | 2.13 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $294,085K ÷ $125,940K
= 2.34
The current ratio for John B Sanfilippo & Son Inc has shown some fluctuations over the past five years. As of June 30, 2024, the current ratio stands at 2.34, indicating that the company has $2.34 in current assets for every $1 in current liabilities. This ratio has decreased from the previous year, where it was 2.97.
While a current ratio above 1.0 is generally considered healthy, the downward trend over the last two years is worth noting. A high current ratio suggests that the company should be able to meet its short-term obligations comfortably. However, a significant increase in the current ratio could indicate that the company is carrying excess levels of current assets, which may not be efficiently utilized.
It is important to further investigate the factors contributing to the fluctuations in the current ratio to assess the company's liquidity position accurately and make informed decisions regarding its financial health and stability.
Peer comparison
Jun 30, 2024