Constellation Brands Inc Class A (STZ)

Current ratio

		Feb 29, 2024	Nov 30, 2023	Aug 31, 2023	May 31, 2023	Feb 28, 2023	Nov 30, 2022	Aug 31, 2022	May 31, 2022	Feb 28, 2022	Nov 30, 2021	Aug 31, 2021	May 31, 2021	Feb 28, 2021	Nov 30, 2020	Aug 31, 2020	May 31, 2020	Feb 29, 2020	Nov 30, 2019	Aug 31, 2019	May 31, 2019
Total current assets	US$ in thousands	3,729,500	3,551,400	3,434,300	3,652,600	3,496,100	3,525,900	3,530,200	3,302,200	3,329,700	3,376,600	2,943,700	3,313,100	3,044,500	3,447,100	3,537,200	3,396,200	3,484,100	3,469,900	3,537,500	3,580,900
Total current liabilities	US$ in thousands	3,141,700	3,379,900	2,857,500	3,190,500	2,968,300	2,725,000	2,511,900	2,365,800	2,698,800	2,248,600	2,187,100	2,062,800	1,269,100	2,041,400	1,909,900	1,752,400	2,311,800	2,460,200	2,195,900	2,939,300
Current ratio		1.19	1.05	1.20	1.14	1.18	1.29	1.41	1.40	1.23	1.50	1.35	1.61	2.40	1.69	1.85	1.94	1.51	1.41	1.61	1.22

February 29, 2024 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $3,729,500K ÷ $3,141,700K
= 1.19

The current ratio of Constellation Brands Inc Class A has fluctuated over the past several quarters, ranging from a low of 1.05 to a high of 2.40. The current ratio measures the company's ability to cover its short-term obligations with its current assets, with a higher ratio indicating stronger liquidity and financial health.

In the most recent quarter, as of February 29, 2024, the current ratio stood at 1.19. This suggests that the company had $1.19 in current assets for every $1 in current liabilities. While the ratio is above 1, indicating that the company can meet its short-term obligations, it is slightly lower compared to some prior periods.

The trend of the current ratio fluctuating over time indicates potential variability in the company's liquidity position. Investors and analysts may want to further investigate the factors contributing to these fluctuations to assess the company's overall financial stability and ability to weather any potential economic challenges.