"Irwin has been borrowing money big time to pay for his organic food shopping spree."
From Wall Street Cheat Sheet:
"Balance Sheet Analysis: The company’s current ratio of assets to liabilities came in at 2.16 last quarter. Having a ratio above 2:1 is usually considered a good indicator of a company’s liquidity and ability to meet creditor demands. The company regressed in this liquidity measure from 2.21 in the fourth quarter of the last fiscal year to the last quarter driven in part by an increase in liabilities. Current liabilities increased 3.8% to $210.5 million while assets rose 1.5% to $455.7 million."