John B Sanfilippo & Son Inc (JBSS)
Current ratio
| 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 23, 2021 | Sep 23, 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 294,085 | 296,323 | 289,766 | 251,593 | 254,430 | 274,575 | 257,821 | 275,543 | 283,164 | 288,151 | 257,564 | 235,439 | 225,167 | 223,783 | 227,501 | 227,348 | 238,871 | 262,798 | 232,378 | 223,105 |
| Total current liabilities | US$ in thousands | 125,940 | 120,390 | 128,291 | 89,301 | 85,688 | 102,758 | 104,062 | 126,170 | 122,762 | 145,815 | 130,826 | 123,834 | 100,204 | 106,672 | 97,988 | 117,635 | 112,168 | 135,209 | 117,736 | 104,407 |
| Current ratio | 2.34 | 2.46 | 2.26 | 2.82 | 2.97 | 2.67 | 2.48 | 2.18 | 2.31 | 1.98 | 1.97 | 1.90 | 2.25 | 2.10 | 2.32 | 1.93 | 2.13 | 1.94 | 1.97 | 2.14 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $294,085K ÷ $125,940K
= 2.34
The current ratio of John B Sanfilippo & Son Inc has fluctuated over the past several quarters, ranging from a low of 1.90 to a high of 2.97. The ratio indicates the company's ability to cover its short-term liabilities with its current assets.
The current ratio has generally been above 2, which suggests that the company has a comfortable level of current assets relative to its current liabilities. A current ratio above 1 indicates the company has more current assets than current liabilities, which is a positive sign.
The trend in the current ratio shows some variability, with occasional fluctuations. For example, the current ratio decreased in the most recent quarter compared to the two preceding quarters. This could indicate a potential tightening of liquidity or an increase in short-term debt obligations.
Overall, a current ratio above 2 indicates that John B Sanfilippo & Son Inc is in a strong position to meet its short-term obligations using its current assets. However, it is important to monitor trends in the current ratio over time to assess the company's liquidity and financial health.
Peer comparison
Jun 30, 2024