SpartanNash Co (SPTN)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Oct 7, 2023 | Sep 30, 2023 | Jul 15, 2023 | Jun 30, 2023 | Apr 22, 2023 | Mar 31, 2023 | Dec 31, 2022 | Oct 8, 2022 | Sep 30, 2022 | Jun 30, 2022 | Apr 23, 2022 | Mar 31, 2022 | Dec 31, 2021 | Oct 9, 2021 | Sep 30, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,091,810 | 1,139,760 | 1,044,830 | 1,066,100 | 1,077,490 | 1,088,050 | 1,088,050 | 1,085,360 | 1,085,360 | 1,068,880 | 1,068,880 | 1,066,410 | 1,146,480 | 1,146,480 | 1,121,610 | 1,031,890 | 1,031,890 | 957,193 | 1,007,230 | 1,007,230 |
| Total current liabilities | US$ in thousands | 695,239 | 701,627 | 643,255 | 608,027 | 659,896 | 682,366 | 682,366 | 670,532 | 670,532 | 634,224 | 634,224 | 704,970 | 702,622 | 702,622 | 704,288 | 661,625 | 661,625 | 655,838 | 702,045 | 702,045 |
| Current ratio | 1.57 | 1.62 | 1.62 | 1.75 | 1.63 | 1.59 | 1.59 | 1.62 | 1.62 | 1.69 | 1.69 | 1.51 | 1.63 | 1.63 | 1.59 | 1.56 | 1.56 | 1.46 | 1.43 | 1.43 |
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 fluctuating trend over the periods provided. The current ratio measures the company's ability to cover its short-term liabilities with its current assets.
- The current ratio was 1.43 as of September 30, 2021, and October 9, 2021, indicating that the company had $1.43 in current assets for every $1 in current liabilities.
- It increased to 1.46 by December 31, 2021, and continued to rise to 1.69 by March 31, 2023, showing an improvement in the company's short-term liquidity position.
- The ratio slightly dropped to 1.57 by December 31, 2024, which is still above the 1.5 benchmark usually considered healthy.
Overall, SpartanNash Co has mostly maintained a current ratio above 1, indicating that the company has sufficient current assets to cover its short-term obligations. However, investors and analysts should continue to monitor the trend to ensure the company's liquidity remains at an appropriate level.
Peer comparison
Dec 31, 2024