B&G Foods Inc (BGS)

Cash ratio

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Cash and cash equivalents	US$ in thousands	41,094	359,926	42,772	35,898	45,442	60,064	43,026	41,470	33,690	27,062	40,322	43,128	52,182	56,967	181,200	127,068	11,315	267,006	19,911	11,284
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	262,418	842,928	231,181	230,684	271,534	351,049	280,064	248,344	244,287	299,461	218,414	207,573	245,652	294,265	229,886	209,299	216,908	289,494	198,154	266,538
Cash ratio		0.16	0.43	0.19	0.16	0.17	0.17	0.15	0.17	0.14	0.09	0.18	0.21	0.21	0.19	0.79	0.61	0.05	0.92	0.10	0.04

December 31, 2023 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($41,094K + $—K) ÷ $262,418K
= 0.16

The cash ratio of B&G Foods Inc has fluctuated over the periods presented. It ranged from a low of 0.04 on March 31, 2019, to a high of 0.92 on December 31, 2019, indicating significant variability in the company's ability to cover its short-term liabilities solely with cash and cash equivalents.

The cash ratio increased to 0.61 on March 31, 2020, and further spiked to 0.79 on June 30, 2020, suggesting an improvement in the company's liquidity position during these periods. However, this improvement was not sustained as the ratio dipped to 0.09 on September 30, 2021, and dropped further to 0.05 on March 31, 2022, which might indicate potential challenges in meeting short-term obligations with available cash.

The cash ratio recovered slightly to 0.17 on June 30, 2022, and remained relatively stable around this level until September 30, 2023, where it peaked at 0.43. This increase in the cash ratio over the latest quarters could indicate an improvement in the company's liquidity position, implying a better ability to cover short-term liabilities with available cash.

Overall, B&G Foods Inc's cash ratio trends indicate fluctuations in its liquidity position, suggesting varying levels of ability to meet short-term obligations using cash and cash equivalents. It is important for the company to maintain a healthy cash ratio to ensure financial stability and meet its short-term financial commitments.