Albertsons Companies (ACI)
Cash ratio
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 293,600 | 202,300 | 280,000 | 295,300 | 193,200 | 222,700 | 266,100 | 225,200 | 455,800 | 4,412,300 | 3,400,400 | 3,213,100 | 2,902,000 | 2,661,000 | 2,849,800 | 2,173,800 | 1,717,000 | 1,836,100 | 2,389,600 | 2,022,200 |
| Short-term investments | US$ in thousands | — | — | 17,200 | 22,000 | 23,300 | 20,000 | 18,200 | 19,000 | 21,400 | 20,800 | 18,000 | 17,200 | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 7,251,000 | 7,155,100 | 7,422,400 | 7,066,000 | 7,457,700 | 7,857,500 | 7,923,500 | 7,723,100 | 8,428,800 | 13,309,000 | 8,244,500 | 7,912,300 | 8,348,500 | 7,461,200 | 7,069,700 | 6,704,200 | 6,832,200 | 6,597,300 | 6,727,700 | 6,750,300 |
| Cash ratio | 0.04 | 0.03 | 0.04 | 0.04 | 0.03 | 0.03 | 0.04 | 0.03 | 0.06 | 0.33 | 0.41 | 0.41 | 0.35 | 0.36 | 0.40 | 0.32 | 0.25 | 0.28 | 0.36 | 0.30 |
February 28, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($293,600K
+ $—K)
÷ $7,251,000K
= 0.04
The cash ratio of Albertsons Companies has exhibited notable fluctuations over the specified periods. From May 31, 2020, to August 31, 2021, the ratio generally increased, reaching a peak of 0.40 in August 2021, indicating a relatively strong liquidity position in terms of cash relative to current liabilities during this timeframe. Following this peak, the ratio experienced a gradual decline, fluctuating between approximately 0.33 and 0.41 until November 2022, suggesting some variability but generally maintaining a moderate level of immediate liquidity.
Starting from February 28, 2023, there was a sharp decline in the cash ratio, dropping to 0.06, and it continued to decrease in subsequent periods, falling to as low as 0.03 by November 2023. This significant reduction indicates that a much smaller proportion of current liabilities is covered by available cash, reflecting a deterioration in immediate liquidity or a shift in liquidity management strategies.
In the most recent periods, from May 31, 2024, through February 28, 2025, the cash ratio stabilized at a low level around 0.03 to 0.04. This persistent low ratio suggests that the company maintains limited cash resources relative to its current liabilities, which could imply an increased reliance on other liquid assets or operational cash flows to meet short-term obligations, or it may indicate liquidity constraints.
Overall, the historical trend indicates that Albertsons Companies experienced a period of improved liquidity as reflected by higher cash ratios up to late 2022, followed by a substantial decline and stabilization at lower levels in 2023 and beyond. This evolution warrants consideration of underlying factors such as operational cash management, changes in liquidity positions, or strategic shifts impacting cash holdings.
Peer comparison
Feb 28, 2025