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The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. Central Garden & Pet Co's Cash Ratio for the quarter that ended in Jun. 2024 was 1.09.
Central Garden & Pet Co has a Cash Ratio of 1.09. It generally indicates that the company is able to cover all short-term debt and still have cash remaining.
The historical rank and industry rank for Central Garden & Pet Co's Cash Ratio or its related term are showing as below:
During the past 13 years, Central Garden & Pet Co's highest Cash Ratio was 2.26. The lowest was 0.03. And the median was 0.53.
The historical data trend for Central Garden & Pet Co's Cash Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Central Garden & Pet Co Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Cash Ratio | Get a 7-Day Free Trial | 1.79 | 1.48 | 0.82 | 0.38 | 1.07 |
Central Garden & Pet Co Quarterly Data | ||||||||||||||||||||
Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |
Cash Ratio | Get a 7-Day Free Trial | 0.67 | 1.07 | 0.69 | 0.54 | 1.09 |
For the Packaged Foods subindustry, Central Garden & Pet Co's Cash Ratio, along with its competitors' market caps and Cash Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Consumer Packaged Goods industry and Consumer Defensive sector, Central Garden & Pet Co's Cash Ratio distribution charts can be found below:
* The bar in red indicates where Central Garden & Pet Co's Cash Ratio falls into.
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
Central Garden & Pet Co's Cash Ratio for the fiscal year that ended in Sep. 2023 is calculated as:
Cash Ratio (A: Sep. 2023 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 488.73 | / | 457.987 | |
= | 1.07 |
Central Garden & Pet Co's Cash Ratio for the quarter that ended in Jun. 2024 is calculated as:
Cash Ratio (Q: Jun. 2024 ) | = | Cash, Cash Equivalents, Marketable Securities | / | Total Current Liabilities |
= | 570.398 | / | 521.445 | |
= | 1.09 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Central Garden & Pet Co (NAS:CENT) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
Thank you for viewing the detailed overview of Central Garden & Pet Co's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
William E Brown | director, 10 percent owner, officer: Chairman | 3697 MOUNT DIABLO BLVD, SUITE 310, LAFAYETTE CA 94549 |
John Ranelli | director | C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BOULEVARD, SUITE 600, WALNUT CREEK CA 94597 |
Brooks Iii Pennington | director | 1280 ATLANTA HWY, MADISON GA 30650 |
Howard Machek | officer: Chief Accounting Officer | C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BLVD #600, WALNUT CREEK CA 94597 |
Nicholas Lahanas | officer: Chief Financial Officer | 4666 MISSION AVENUE, SUITE 1, SAN DIEGO CA 92116 |
John Edward Hanson | officer: Senior Vice President | C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BOULEVARD, SUITE 600, WALNUT CREEK CA 94597 |
George A. Yuhas | officer: General Counsel | C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BOULEVARD, SUITE 600, WALNUT CREEK CA 94597 |
Brendan Dougher | director | C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BOULEVARD, SUITE 600, WALNUT CREEK CA 94597 |
Thomas J Colligan | director | CORGENTECH INC, 650 GATEWAY BOULEVARD, SOUTH SAN FRANCISCO CA 94080 |
John Balousek | director | 303 PEACHTREE CENTER AVE, SUITE 500, ALTANTA GA 30303 |
William Lawrence Lynch | officer: Senior Vice President | C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BLOULEVARD SUITE 600, WALNUT CREEK CA 94597 |
Mary Beth Springer | director | SPRINGER MARY BETH, 111 SYCAMORE AVENUE, SAN MATEO CA 94402 |
Michael Edwards | director | BORDERS GROUP, INC., 100 PHOENIX DRIVE, ANN ARBOR MI 48108 |
Christopher T Metz | director | BLACK & DECKER CORP, 701 EAST JOPPA ROAD, TOWSON MD 21286 |
Kay Schwichtenberg | officer: Executive Vice President | C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BOULEVARD, SUITE 600, WALNUT CREEK CA 94597 |
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