Sprouts Farmers Market LLC (SFM)
Current ratio
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 603,772 | 620,551 | 633,337 | 655,948 | 673,804 | 673,031 | 644,607 | 640,710 | 567,716 | 586,903 | 551,379 | 577,327 | 465,960 | 437,979 | 612,858 | 530,782 | 387,839 | 411,950 | 380,048 | 333,202 |
| Total current liabilities | US$ in thousands | 546,869 | 541,545 | 538,226 | 515,131 | 522,380 | 525,138 | 515,349 | 523,693 | 513,473 | 507,160 | 483,542 | 490,373 | 496,132 | 509,581 | 572,756 | 547,395 | 416,812 | 472,116 | 449,605 | 377,732 |
| Current ratio | 1.10 | 1.15 | 1.18 | 1.27 | 1.29 | 1.28 | 1.25 | 1.22 | 1.11 | 1.16 | 1.14 | 1.18 | 0.94 | 0.86 | 1.07 | 0.97 | 0.93 | 0.87 | 0.85 | 0.88 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $603,772K ÷ $546,869K
= 1.10
The current ratio of Sprouts Farmers Market Inc has been relatively stable over the past eight quarters, ranging from 1.10 to 1.29. The current ratio measures the company's ability to settle its short-term obligations with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, suggesting good liquidity and the ability to cover its short-term debts.
While the current ratio has fluctuated slightly over the quarters, it has generally remained above 1, which is a positive sign. The recent trend shows a gradual decline from 1.29 in Q4 2022 to 1.10 in Q4 2023, indicating a potential decrease in liquidity. However, with a current ratio above 1, Sprouts Farmers Market Inc still appears to have sufficient current assets to meet its short-term liabilities.
It's important for the company to monitor its current ratio closely to ensure that it remains at a healthy level and to take appropriate measures if there are any significant deviations from the historical trend.
Peer comparison
Dec 31, 2023