Lancaster Colony Corporation (LANC)
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 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 443,993 | 440,731 | 405,399 | 386,258 | 374,463 | 391,560 | 373,636 | 377,801 | 351,781 | 361,579 | 389,407 | 409,856 | 423,481 | 428,260 | 426,264 | 408,407 | 385,612 | 381,975 | 380,273 | 368,651 |
| Total current liabilities | US$ in thousands | 183,969 | 189,786 | 163,376 | 167,208 | 168,752 | 196,451 | 180,171 | 190,915 | 165,585 | 179,477 | 172,832 | 179,787 | 173,923 | 151,983 | 140,628 | 139,819 | 126,259 | 137,146 | 133,286 | 136,573 |
| Current ratio | 2.41 | 2.32 | 2.48 | 2.31 | 2.22 | 1.99 | 2.07 | 1.98 | 2.12 | 2.01 | 2.25 | 2.28 | 2.43 | 2.82 | 3.03 | 2.92 | 3.05 | 2.79 | 2.85 | 2.70 |
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 displayed some fluctuation over the periods in the table. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio is generally seen as a favorable indication of a company's liquidity and ability to cover its short-term liabilities.
From the data provided, we can observe that the current ratio of Lancaster Colony Corporation has ranged from a low of 1.98 to a high of 3.03 over the periods listed. The current ratio has shown some variability but generally appears to be above 2.0, indicating that the company has a comfortable level of current assets to cover its current liabilities.
In recent periods, the current ratio has been above 2.0, reaching a peak of 3.03 in March 2020, which suggests a strong liquidity position. However, it is important to note some fluctuations in the current ratio over the periods, which may indicate changes in the company's asset and liability structure or its ability to efficiently manage working capital.
Overall, the current ratio analysis suggests that Lancaster Colony Corporation has generally maintained a healthy liquidity position, with sufficient current assets to meet its short-term obligations. Further detailed analysis of the company's asset composition and working capital management practices may provide additional insights into its liquidity position and financial health.
Peer comparison
Jun 30, 2024