Campbell Soup Co's Quick Ratio

CPB's quarterly Quick Ratio and Cash & cash equivalent, Current Liabilities growth

Campbell Soup Co's Cash & cash equivalent grew by 85.71 % in the II Quarter 2023 sequentially, while Current Liabilities decreased, this led to improvement in Campbell Soup Co's Quick Ratio to 0.08, Quick Ratio remained below Campbell Soup Co average.

Within Food Processing industry 22 other companies have achieved higher Quick Ratio than Campbell Soup Co in second quarter 2023. While Quick Ratio total ranking has improved so far during the II Quarter 2023 to 1868, from total ranking in the first quarter 2023 at 4050.

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CPB Quick Ratio	(Jan 28 2024) II. Quarter	(Oct 29 2023) I. Quarter	(Jul 30 2023) IV. Quarter	(Apr 30 2023) III. Quarter	(Jan 29 2023) II. Quarter
Y / Y Current Liabilities Change	-23.82 %	-23.84 %	-23.01 %	-15.23 %	16.24 %
Y / Y Cash & cash equivalent Change	6.96 %	-30 %	73.39 %	13.78 %	-55.74 %
Quick Ratio MRQ	0.08	0.04	0.09	0.1	0.06
CPB's Total Ranking	# 1868	# 4050	# 3847	# 3908	# 4823
Seq. Current Liabilities Change	-11 %	3.96 %	-2.88 %	-15.23 %	-11.01 %
Seq. Cash & cash equivalent Change	85.71 %	-51.85 %	-15.25 %	41.14 %	21.54 %

New: More CPB's historic Quick Ratios >>

Quick Ratio second quarter 2023 Company Ranking
Within:	No.
Food Processing Industry	# 23
Consumer Non Cyclical Sector	# 63
Overall Market	# 1868

Quick Ratio Statistics
High	Average	Low
0.38	0.1	0.01
(Apr 26 2020)		(Jul 28 2019)

Financial Statements
Campbell Soup Co's Current Liabilities	$ 2,056 Millions	Visit CPB's Balance sheet
Campbell Soup Co's Cash & cash equivalent	$ 169 Millions	Visit CPB's Balance sheet
Source of CPB's Sales		Visit CPB's Sales by Geography

Cumulative Campbell Soup Co's Quick Ratio

CPB's Quick Ratio for the trailling 12 Months

CPB Quick Ratio	(Jan 28 2024) II. Quarter	(Oct 29 2023) I. Quarter	(Jul 30 2023) IV. Quarter	(Apr 30 2023) III. Quarter	(Jan 29 2023) II. Quarter
Y / Y Current Liabilities TTM Growth	-23.82 %	-23.84 %	-23.01 %	-15.23 %	16.24 %
Y / Y Cash & cash equivalent TTM Growth	6.96 %	-30 %	73.39 %	13.78 %	-55.74 %
Quick Ratio TTM	0.08	0.07	0.07	0.06	0.05
Total Ranking TTM	# 2455	# 3356	# 3551	# 3874	# 4498
Seq. Current Liabilities TTM Growth	-11 %	3.96 %	-2.88 %	-15.23 %	-11.01 %
Seq. Cash & cash equivalent TTM Growth	85.71 %	-51.85 %	-15.25 %	41.14 %	21.54 %

Quick ratio ranking by company, industry and sector >> Back to CPB Financial Strength Comparisons >> Go to Compare CPB Quick Ratio to its Competitors

On the trailing twelve months basis CPB Cash & cash equivalent improved by 6.96 % in II Quarter 2023 year on year, while Current Liabilities fell to $2,056 millions, this led to increase in in Campbell Soup Co's Quick Ratio to 0.08, Quick Ratio remained below CPB average.
Quick Ratio is the average cumulative value over the last four quarters.

Among companies operating within Food Processing industry 39 other companies have achieved higher Quick Ratio than Campbell Soup Co. While Quick Ratio overall ranking has improved so far to 2824, from total ranking during the twelve months ending first quarter 2023 at 3505.

Explain Quick Ratio?
How much Cash & cash equivalents CPB´s has?
What are CPB´s Current Liabilities?

TTM Quick Ratio Company Ranking
Within:	No.
Within the Food Processing Industry	# 40
Consumer Non Cyclical Sector	# 134
Within the Market	# 1868

trailing twelve months Quick Ratio Statistics
High	Average	Low
0.31	0.1	0.03
(Jan 31 2021)		(Jan 26 2020)

Companies with similar Quick Ratio in the quarter ending Jan 28 2024, within Food Processing Industry	Quick Ratio	Jan 28 2024 MRQ Cash & cash equivalent	Jan 28 2024 MRQ Current Liabilities
Coffee Holding Co Inc	0.22	$ 2.408 Millions	$ 10.746 Millions
Post Holdings Inc	0.20	$ 166.000 Millions	$ 835.300 Millions
Kraft Heinz Co	0.17	$ 1,400.000 Millions	$ 8,037.000 Millions
B and g Foods inc	0.16	$ 41.094 Millions	$ 262.418 Millions
Ricebran Technologies	0.13	$ 1.139 Millions	$ 8.960 Millions
Farmer Brothers Co	0.11	$ 6.932 Millions	$ 61.140 Millions
Wk Kellogg Co	0.11	$ 89.000 Millions	$ 836.000 Millions
Campbell Soup Co	0.08	$ 169.000 Millions	$ 2,056.000 Millions
General Mills Inc	0.08	$ 593.800 Millions	$ 7,902.200 Millions
Lamb Weston Holdings Inc	0.06	$ 78.300 Millions	$ 1,323.500 Millions
Kellanova	0.05	$ 274.000 Millions	$ 5,060.000 Millions
Mccormick and Company Incorporated	0.05	$ 166.600 Millions	$ 3,098.900 Millions
Seneca Foods Corporation	0.03	$ 7.168 Millions	$ 224.049 Millions

Date modified: 2024-03-08T06:52:14+00:00

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