SpartanNash Co (SPTN)

Current ratio

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Total current assets US$ in thousands 1,077,490 1,066,410 957,193 1,014,740 996,682
Total current liabilities US$ in thousands 659,896 704,970 655,838 689,554 565,134
Current ratio 1.63 1.51 1.46 1.47 1.76

December 31, 2023 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $1,077,490K ÷ $659,896K
= 1.63

The current ratio of SpartanNash Co has fluctuated over the past five years, ranging from 1.46 to 1.76. The current ratio indicates the company's ability to cover its short-term obligations with its current assets.

In 2023, the current ratio improved to 1.63 from 1.51 in 2022. This suggests that SpartanNash Co had a stronger ability to meet its short-term liabilities with its current assets in 2023 compared to the prior year.

Although the current ratio decreased from 2020 to 2021, it slightly increased in 2022 and further improved in 2023. The downward trend from 2020 may indicate potential issues with liquidity, but the subsequent increases suggest that the company may have taken steps to improve its short-term financial position.

Overall, SpartanNash Co's current ratio has shown some fluctuations in recent years, but the slight improvement in 2023 is a positive sign of the company's ability to manage its short-term obligations with its current assets.


Peer comparison

Dec 31, 2023