JM Smucker Company (SJM)
Current ratio
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,966,900 | 1,924,000 | 5,864,100 | 2,496,800 | 2,858,700 | 2,027,800 | 2,250,900 | 2,287,700 | 2,010,100 | 1,988,200 | 2,008,800 | 1,952,900 | 1,941,700 | 2,078,700 | 2,067,100 | 1,984,800 | 1,972,700 | 1,602,700 | 1,659,200 | 1,613,500 |
| Total current liabilities | US$ in thousands | 3,761,100 | 2,467,400 | 1,834,400 | 1,947,200 | 1,986,700 | 1,740,700 | 2,059,700 | 2,177,200 | 1,952,800 | 1,664,600 | 1,890,500 | 2,763,200 | 2,867,500 | 2,532,400 | 2,692,800 | 2,073,100 | 1,587,100 | 2,077,400 | 2,310,100 | 2,290,800 |
| Current ratio | 0.52 | 0.78 | 3.20 | 1.28 | 1.44 | 1.16 | 1.09 | 1.05 | 1.03 | 1.19 | 1.06 | 0.71 | 0.68 | 0.82 | 0.77 | 0.96 | 1.24 | 0.77 | 0.72 | 0.70 |
April 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,966,900K ÷ $3,761,100K
= 0.52
The current ratio of JM Smucker Company has shown variability over the past several periods.
As of April 30, 2024, the current ratio stands at 0.52, reflecting that the company may have difficulties in meeting its short-term obligations with its current assets. This is a significant decrease from the previous period's current ratio of 0.78.
The highest current ratio observed in recent periods was 3.20 as of October 31, 2023, indicating a strong ability to cover short-term liabilities with current assets. This was followed by a current ratio of 1.44 on April 30, 2023, which also suggests a healthy liquidity position.
There have been instances of lower current ratios, such as on October 31, 2021, where the ratio was 0.71, and on January 31, 2021, where it decreased to 0.68. These lower ratios may indicate potential liquidity challenges for the company in those periods.
Overall, the current ratio of JM Smucker Company has fluctuated over the periods analyzed, highlighting the importance of monitoring liquidity levels to ensure the company can meet its short-term financial obligations effectively.