Simply Good Foods Co (SMPL)
Current ratio
| Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 371,652 | 351,601 | 298,666 | 260,263 | 357,607 |
| Total current liabilities | US$ in thousands | 89,857 | 102,248 | 113,664 | 71,478 | 48,032 |
| Current ratio | 4.14 | 3.44 | 2.63 | 3.64 | 7.45 |
August 26, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $371,652K ÷ $89,857K
= 4.14
The current ratio of Simply Good Foods Co has exhibited fluctuations over the past five years. The ratio stood at 4.14 as of August 26, 2023, indicating a considerable increase from the prior year's 3.44. This suggests that the company's current assets are 4.14 times greater than its current liabilities, reflecting a strong ability to meet its short-term obligations. In comparison to the previous years, the current ratio has shown variability, decreasing from 7.45 in 2019 to 2.63 in 2021 before rebounding to 4.14 in 2023. This suggests that the company may have experienced changes in its liquidity and ability to cover short-term liabilities over the years. It is essential for stakeholders to further assess the components of current assets and liabilities to gain a comprehensive understanding of the company's short-term financial position.
Peer comparison
Aug 26, 2023