Tyson Foods Inc (TSN)
Current ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 9,216,000 | 8,722,000 | 8,883,000 | 8,892,000 | 8,953,000 | 9,630,000 | 9,303,000 | 8,997,000 | 10,136,000 | 9,822,000 | 9,208,000 | 8,014,000 | 8,544,000 | 7,598,000 | 7,464,000 | 6,866,000 | 6,946,000 | 6,990,000 | 7,250,000 | 6,183,000 |
| Total current liabilities | US$ in thousands | 6,172,000 | 6,499,000 | 4,948,000 | 5,346,000 | 5,114,000 | 5,313,000 | 4,682,000 | 4,657,000 | 6,034,000 | 6,325,000 | 6,184,000 | 4,612,000 | 4,849,000 | 4,234,000 | 4,273,000 | 4,406,000 | 5,536,000 | 5,513,000 | 5,597,000 | 4,614,000 |
| Current ratio | 1.49 | 1.34 | 1.80 | 1.66 | 1.75 | 1.81 | 1.99 | 1.93 | 1.68 | 1.55 | 1.49 | 1.74 | 1.76 | 1.79 | 1.75 | 1.56 | 1.25 | 1.27 | 1.30 | 1.34 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $9,216,000K ÷ $6,172,000K
= 1.49
The current ratio of Tyson Foods Inc has shown some variability over the past few quarters, ranging from a low of 1.25 to a high of 1.99. The current ratio measures the company's ability to meet its short-term obligations with its current assets. A ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered favorable.
In the most recent quarter, the current ratio was 1.49, indicating that Tyson Foods has $1.49 in current assets for every $1 in current liabilities. This suggests that the company is able to cover its short-term liabilities comfortably.
Overall, the trend in Tyson Foods' current ratio has shown some fluctuations, but it has generally remained above 1, reflecting a strong liquidity position. Investors and stakeholders may monitor the current ratio in future periods to assess the company's ability to meet its short-term financial obligations.
Peer comparison
Dec 31, 2023