Current Ratio
since 2005
Calculation
Monsanto Co., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Aug 31, 2017 | 1.35 | = | 8,651) | ÷ | 6,398) |
| Aug 31, 2016 | 1.21 | = | 8,157) | ÷ | 6,729) |
| Aug 31, 2015 | 2.05 | = | 10,625) | ÷ | 5,177) |
| Aug 31, 2014 | 1.89 | = | 9,675) | ÷ | 5,112) |
| Aug 31, 2013 | 2.32 | = | 10,077) | ÷ | 4,336) |
| Aug 31, 2012 | 2.29 | = | 9,658) | ÷ | 4,221) |
| Aug 31, 2011 | 1.86 | = | 8,809) | ÷ | 4,729) |
| Aug 31, 2010 | 2.01 | = | 7,122) | ÷ | 3,541) |
| Aug 31, 2009 | 2.10 | = | 7,883) | ÷ | 3,756) |
| Aug 31, 2008 | 1.71 | = | 7,609) | ÷ | 4,439) |
| Aug 31, 2007 | 1.65 | = | 5,084) | ÷ | 3,075) |
| Aug 31, 2006 | 2.40 | = | 5,461) | ÷ | 2,279) |
| Aug 31, 2005 | 2.15 | = | 4,644) | ÷ | 2,159) |
Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
1 US$ in millions
The financial data indicates a long-term expansion in both current assets and current liabilities, though the relationship between the two has shifted significantly over the observed period. While liquidity remained robust for the majority of the timeframe, a marked contraction in the current ratio occurred toward the end of the sequence, signaling a tighter short-term financial position.
- Current Assets Trend
- Current assets grew from 4,644 million US$ in 2005 to a peak of 10,077 million US$ in 2013. Following this peak, assets experienced some volatility, declining to 8,157 million US$ in 2016 before recovering slightly to 8,651 million US$ by August 31, 2017. The overall trajectory shows a significant increase in liquid resources over the twelve-year period.
- Current Liabilities Trajectory
- Current liabilities exhibited a consistent upward trend, rising from 2,159 million US$ in 2005 to 6,398 million US$ in 2017. A notable acceleration in short-term obligations is observed between 2015 and 2016, where liabilities increased from 5,177 million US$ to 6,729 million US$. This growth in obligations outpaced the growth of assets in the final years of the period.
- Current Ratio Analysis
- The current ratio remained generally strong and stable between 2005 and 2013, fluctuating between a low of 1.65 in 2007 and a high of 2.40 in 2006. This suggests a comfortable margin for meeting short-term obligations. However, a sharp decline is evident after 2015, with the ratio dropping to 1.21 in 2016, the lowest point in the entire series. Although a slight recovery to 1.35 was recorded in 2017, the liquidity profile remains considerably lower than the historical averages maintained during the previous decade.
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Comparison to Competitors
Monsanto Co., current ratio, long-term trends, comparison to competitors
| Monsanto Co. | lululemon athletica inc. | Nike Inc. | |
|---|---|---|---|
| Aug 31, 2017 | 1.35 | 4.82 | 2.93 |
| Aug 31, 2016 | 1.21 | 4.07 | 2.80 |
| Aug 31, 2015 | 2.05 | 5.95 | 2.52 |
| Aug 31, 2014 | 1.89 | 8.31 | 2.72 |
| Aug 31, 2013 | 2.32 | 5.90 | 3.47 |
| Aug 31, 2012 | 2.29 | 5.10 | 2.98 |
| Aug 31, 2011 | 1.86 | 4.56 | 2.85 |
| Aug 31, 2010 | 2.01 | 3.69 | 3.26 |
| Aug 31, 2009 | 2.10 | 2.58 | 2.97 |
| Aug 31, 2008 | 1.71 | 2.73 | 2.66 |
| Aug 31, 2007 | 1.65 | — | 3.13 |
| Aug 31, 2006 | 2.40 | — | 2.81 |
| Aug 31, 2005 | 2.15 | — | 3.18 |
Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
Comparison to Sector (Consumer Durables & Apparel)
Monsanto Co., current ratio, long-term trends, comparison to sector (consumer durables & apparel)
| Monsanto Co. | Consumer Durables & Apparel | |
|---|---|---|
| Aug 31, 2017 | 1.35 | 3.01 |
| Aug 31, 2016 | 1.21 | 2.86 |
| Aug 31, 2015 | 2.05 | 2.61 |
| Aug 31, 2014 | 1.89 | 2.85 |
| Aug 31, 2013 | 2.32 | 3.55 |
| Aug 31, 2012 | 2.29 | 3.04 |
| Aug 31, 2011 | 1.86 | 2.89 |
| Aug 31, 2010 | 2.01 | 3.26 |
| Aug 31, 2009 | 2.10 | 2.97 |
| Aug 31, 2008 | 1.71 | 2.66 |
| Aug 31, 2007 | 1.65 | 3.13 |
| Aug 31, 2006 | 2.40 | 2.81 |
| Aug 31, 2005 | 2.15 | 3.18 |
Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).
Comparison to Industry (Consumer Discretionary)
Monsanto Co., current ratio, long-term trends, comparison to industry (consumer discretionary)
| Monsanto Co. | Consumer Discretionary | |
|---|---|---|
| Aug 31, 2017 | 1.35 | 1.15 |
| Aug 31, 2016 | 1.21 | 1.12 |
| Aug 31, 2015 | 2.05 | 1.25 |
| Aug 31, 2014 | 1.89 | 1.11 |
| Aug 31, 2013 | 2.32 | 1.15 |
| Aug 31, 2012 | 2.29 | 1.14 |
| Aug 31, 2011 | 1.86 | 1.31 |
| Aug 31, 2010 | 2.01 | 1.24 |
| Aug 31, 2009 | 2.10 | 1.25 |
| Aug 31, 2008 | 1.71 | 0.96 |
| Aug 31, 2007 | 1.65 | 1.21 |
| Aug 31, 2006 | 2.40 | 1.15 |
| Aug 31, 2005 | 2.15 | 1.10 |
Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31), 10-K (reporting date: 2011-08-31), 10-K (reporting date: 2010-08-31), 10-K (reporting date: 2009-08-31), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-08-31), 10-K (reporting date: 2006-08-31), 10-K (reporting date: 2005-08-31).