Lamb Weston Holdings Inc (LW)
Current ratio
| May 26, 2024 | Feb 25, 2024 | Nov 26, 2023 | Aug 27, 2023 | May 28, 2023 | Feb 26, 2023 | Nov 27, 2022 | Aug 28, 2022 | May 29, 2022 | Feb 27, 2022 | Nov 28, 2021 | Aug 29, 2021 | May 30, 2021 | Feb 28, 2021 | Nov 29, 2020 | Aug 30, 2020 | May 31, 2020 | Feb 23, 2020 | Nov 24, 2019 | Aug 25, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 2,090,000 | 2,159,100 | 2,080,900 | 1,846,300 | 2,127,200 | 2,117,900 | 1,801,100 | 1,630,200 | 1,659,600 | 1,610,700 | 1,717,800 | 1,735,000 | 1,781,700 | 1,759,400 | 1,785,800 | 1,891,000 | 2,302,600 | 1,097,500 | 1,107,300 | 906,200 |
| Total current liabilities | US$ in thousands | 1,624,100 | 1,816,000 | 1,617,800 | 1,285,400 | 1,360,200 | 817,300 | 918,500 | 780,300 | 699,100 | 612,900 | 693,000 | 650,000 | 618,200 | 590,200 | 614,300 | 549,600 | 1,024,900 | 593,700 | 669,400 | 540,100 |
| Current ratio | 1.29 | 1.19 | 1.29 | 1.44 | 1.56 | 2.59 | 1.96 | 2.09 | 2.37 | 2.63 | 2.48 | 2.67 | 2.88 | 2.98 | 2.91 | 3.44 | 2.25 | 1.85 | 1.65 | 1.68 |
May 26, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $2,090,000K ÷ $1,624,100K
= 1.29
The current ratio of Lamb Weston Holdings Inc has shown fluctuation over the past few years, ranging from 1.19 to 3.44. A current ratio above 1 indicates that the company's current assets are sufficient to cover its current liabilities.
The company's current ratio reached its lowest point of 1.19 in February 2024 and its highest point of 3.44 in August 2020. The significant increase in the current ratio during the August 2020 period indicates the company had a high level of current assets relative to its current liabilities, suggesting a strong liquidity position.
Overall, the current ratio has generally been above 1 in recent years, indicating a relatively healthy liquidity position for Lamb Weston Holdings Inc. However, it is important to consider the trend over time and compare it to industry standards to assess the company's ability to meet its short-term obligations.
Peer comparison
May 26, 2024