SpartanNash Co (SPTN)
Current ratio
| Dec 31, 2023 | Oct 7, 2023 | Jul 15, 2023 | Apr 22, 2023 | Dec 31, 2022 | Oct 8, 2022 | Apr 23, 2022 | Dec 31, 2021 | Oct 9, 2021 | Jul 17, 2021 | Apr 24, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jul 11, 2020 | Apr 18, 2020 | Dec 31, 2019 | Oct 5, 2019 | Jul 13, 2019 | Apr 20, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,077,490 | 1,088,050 | 1,085,360 | 1,068,880 | 1,066,410 | 1,146,480 | 1,031,890 | 957,193 | 1,007,230 | 992,920 | 1,039,000 | 1,014,740 | 1,095,500 | 1,058,680 | 1,048,260 | 996,682 | 1,048,540 | 998,496 | 1,052,820 | 1,001,100 |
| Total current liabilities | US$ in thousands | 659,896 | 682,366 | 670,532 | 634,224 | 704,970 | 702,622 | 661,625 | 655,838 | 702,045 | 648,547 | 629,008 | 689,554 | 694,582 | 677,372 | 679,382 | 565,134 | 610,969 | 567,750 | 555,105 | 476,451 |
| Current ratio | 1.63 | 1.59 | 1.62 | 1.69 | 1.51 | 1.63 | 1.56 | 1.46 | 1.43 | 1.53 | 1.65 | 1.47 | 1.58 | 1.56 | 1.54 | 1.76 | 1.72 | 1.76 | 1.90 | 2.10 |
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 shown some fluctuations over the past few years, ranging from a low of 1.43 to a high of 2.10. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally seen as a positive sign of financial health.
In the latest reported period, as of December 31, 2023, SpartanNash Co has a current ratio of 1.63. This indicates that the company had $1.63 in current assets for every $1 of current liabilities. Although the current ratio has decreased slightly compared to the previous quarter, it still shows that the company is able to meet its short-term obligations comfortably.
Overall, the trend in SpartanNash Co's current ratio indicates that the company has generally maintained a healthy liquidity position over the past few years, with fluctuations that may be influenced by various factors such as changes in assets and liabilities, operating performance, and economic conditions.
Peer comparison
Dec 31, 2023