Scotts Miracle-Gro Company (SMG)
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 | 1,681,400 | 1,397,800 | 2,251,000 | 2,842,400 | 2,299,300 | 1,981,900 | 2,588,700 | 3,254,400 | 2,292,600 | 2,024,000 | 2,226,000 | 2,573,700 | 1,679,500 | 1,216,600 | 1,778,800 | 2,042,400 | 1,332,800 | 1,041,700 | 1,389,900 | 1,839,400 |
| Total current liabilities | US$ in thousands | 764,100 | 773,700 | 1,329,100 | 1,372,500 | 931,700 | 963,900 | 1,071,900 | 1,470,300 | 915,200 | 1,140,400 | 1,036,800 | 1,347,500 | 1,054,500 | 950,400 | 1,106,700 | 981,200 | 609,700 | 620,500 | 955,400 | 1,159,900 |
| Current ratio | 2.20 | 1.81 | 1.69 | 2.07 | 2.47 | 2.06 | 2.42 | 2.21 | 2.51 | 1.77 | 2.15 | 1.91 | 1.59 | 1.28 | 1.61 | 2.08 | 2.19 | 1.68 | 1.45 | 1.59 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,681,400K ÷ $764,100K
= 2.20
The current ratio of Scotts Miracle-Gro Company has shown fluctuations over the provided time periods. The current ratio indicates the company's ability to cover its short-term liabilities with its current assets.
The current ratio has been above 2.00 in several quarters, indicating that the company has had strong short-term liquidity. A current ratio above 2.00 generally suggests that the company has more than enough current assets to cover its current liabilities.
However, there have also been quarters where the current ratio dropped below 2.00, which could indicate potential liquidity concerns if the trend continues. It is important for the company to closely monitor its liquidity position and manage its current assets and liabilities effectively to ensure it can meet its short-term obligations.
Overall, the current ratio trend of Scotts Miracle-Gro Company shows varying levels of short-term liquidity, which requires ongoing attention to maintain a healthy financial position.
Peer comparison
Dec 31, 2023