SpartanNash Co (SPTN)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,091,810 | 1,077,490 | 1,066,410 | 957,193 | 1,014,740 |
| Total current liabilities | US$ in thousands | 695,239 | 659,896 | 704,970 | 655,838 | 689,554 |
| Current ratio | 1.57 | 1.63 | 1.51 | 1.46 | 1.47 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,091,810K ÷ $695,239K
= 1.57
The current ratio of SpartanNash Co has shown a generally stable trend over the past five years, with values ranging from 1.46 to 1.63. The company's current ratio indicates that it has sufficient current assets to cover its current liabilities, providing a measure of short-term liquidity.
A current ratio above 1 suggests that SpartanNash Co is in a healthy financial position, as it indicates that the company can easily meet its short-term obligations. The slight fluctuations in the current ratio over the years do not appear to indicate any significant liquidity concerns, as the values remain above the threshold of 1.
The upward trend in the current ratio from 2020 to 2024 may suggest improved liquidity and/or better management of current assets and liabilities. However, it is important to consider other factors such as industry benchmarks, economic conditions, and company-specific factors when assessing the overall financial health of SpartanNash Co.
Peer comparison
Dec 31, 2024