B&G Foods Inc (BGS)

Cash ratio

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash and cash equivalents	US$ in thousands	50,583	41,094	45,442	33,690	52,182
Short-term investments	US$ in thousands	—	—	—	—	—
Total current liabilities	US$ in thousands	236,865	262,418	271,534	244,287	245,652
Cash ratio		0.21	0.16	0.17	0.14	0.21

December 31, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($50,583K + $—K) ÷ $236,865K
= 0.21

The cash ratio of B&G Foods Inc has fluctuated over the years based on the provided data. As of December 31, 2020, the cash ratio was 0.21, indicating that the company had 21 cents in cash and cash equivalents for every dollar of current liabilities. Subsequently, the cash ratio decreased to 0.14 by December 31, 2021, suggesting a lower liquidity position compared to the previous year.

There was a slight improvement in the cash ratio to 0.17 by December 31, 2022, indicating a better ability to cover short-term obligations with available cash. However, by December 31, 2023, the cash ratio dropped slightly to 0.16, raising concerns about the company's liquidity position in that period.

By December 31, 2024, the cash ratio had increased back to 0.21, potentially signaling improved liquidity and the ability to meet short-term financial commitments with cash reserves. Overall, the fluctuation in B&G Foods Inc's cash ratio reflects variations in its liquidity management over the years, with the company demonstrating different levels of financial flexibility in meeting its short-term obligations.