Lancaster Colony Corporation (LANC)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 443,993 | 374,463 | 351,781 | 423,481 | 385,612 |
| Total current liabilities | US$ in thousands | 183,969 | 168,752 | 165,585 | 173,923 | 126,259 |
| Current ratio | 2.41 | 2.22 | 2.12 | 2.43 | 3.05 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $443,993K ÷ $183,969K
= 2.41
The current ratio of Lancaster Colony Corporation has shown some fluctuation over the past five years. As of June 30, 2024, the current ratio stands at 2.41, which indicates that the company has $2.41 in current assets for every $1 in current liabilities. This represents an improvement compared to the prior year, where the ratio was 2.22.
In the previous year, the current ratio was 2.12, showing a slight decrease. However, looking back to June 30, 2021, the company had a higher current ratio of 2.43. The most significant change occurred between June 30, 2020, and June 30, 2021, where the ratio dropped from 3.05 to 2.43.
Overall, Lancaster Colony Corporation has maintained a generally healthy current ratio above 2 over the past five years, suggesting a strong ability to cover its short-term liabilities with its current assets. The recent increase in the current ratio from 2023 to 2024 reflects a positive trend in the company's liquidity position.
Peer comparison
Jun 30, 2024