Scotts Miracle-Gro Company (SMG)
Current ratio
| Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 980,400 | 1,538,400 | 1,935,100 | 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 |
| Total current liabilities | US$ in thousands | 750,300 | 854,400 | 1,060,300 | 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 |
| Current ratio | 1.31 | 1.80 | 1.83 | 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 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $980,400K ÷ $750,300K
= 1.31
The current ratio of Scotts Miracle-Gro Company has fluctuated over the past several quarters. In the latest reported period ending September 30, 2024, the current ratio was 1.31, indicating that the company had $1.31 in current assets for every dollar of current liabilities. This ratio was lower compared to the previous quarters, suggesting a potential decrease in the company's liquidity or ability to meet short-term obligations.
As we move back through the quarters, the current ratio varied, with ratios ranging from 1.28 to 2.47. The highest current ratio was observed on December 31, 2022, at 2.47, indicating a strong ability to cover short-term liabilities with current assets.
Overall, the current ratio trend demonstrates some variability but generally shows that Scotts Miracle-Gro has maintained a relatively healthy liquidity position over the analyzed period. It is essential to monitor future changes in the current ratio to assess the company's ability to manage short-term financial obligations effectively.
Peer comparison
Sep 30, 2024