J & J Snack Foods Corp (JJSF)

Current ratio

		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	Dec 31, 2019
Total current assets	US$ in thousands	450,414	461,144	420,610	397,279	430,212	469,203	434,508	441,310	444,637	523,739	584,276	576,046	584,769	567,384	530,269	508,655	499,557	478,941	482,494	495,146
Total current liabilities	US$ in thousands	174,073	203,190	174,595	165,315	174,944	187,576	159,111	160,178	181,839	198,991	165,716	158,098	167,629	159,867	143,197	132,691	134,126	127,840	128,057	134,260
Current ratio		2.59	2.27	2.41	2.40	2.46	2.50	2.73	2.76	2.45	2.63	3.53	3.64	3.49	3.55	3.70	3.83	3.72	3.75	3.77	3.69

September 30, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $450,414K ÷ $174,073K
= 2.59

The current ratio of J & J Snack Foods Corp has shown some fluctuations over the past few quarters, ranging from a low of 2.27 in June 2024 to a high of 3.83 in December 2020. As of September 30, 2024, the current ratio stands at 2.59, indicating that the company has $2.59 in current assets for every $1 in current liabilities.

Overall, the current ratio has generally remained above 2, which is considered a healthy level for most companies. A ratio above 1 indicates that the company has more current assets than current liabilities, suggesting that it can meet its short-term obligations comfortably.

The downward trend observed in recent quarters may warrant further investigation into the company's liquidity position and management of its current assets and liabilities. It is essential for investors and analysts to continue monitoring the current ratio along with other financial metrics to gain a comprehensive understanding of J & J Snack Foods Corp's financial health.