B&G Foods Inc (BGS)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 50,583 | 54,694 | 40,323 | 42,460 | 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 |
| Short-term investments | US$ in thousands | 80,331 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 236,865 | 537,632 | 489,972 | 244,235 | 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 |
| Cash ratio | 0.55 | 0.10 | 0.08 | 0.17 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($50,583K
+ $80,331K)
÷ $236,865K
= 0.55
The cash ratio of B&G Foods Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The cash ratio measures the company's ability to cover its short-term obligations with its cash and cash equivalents.
The trend analysis indicates that the cash ratio fluctuated within a range of 0.08 to 0.79 during this period. The company experienced a notable increase in its cash ratio from March 31, 2020, to June 30, 2020, reaching its peak at 0.79, indicating a strong ability to cover short-term liabilities with available cash.
However, the cash ratio then decreased sharply in the following quarters, particularly in the third quarter of 2020, recording a low of 0.09. This drop suggests a potential decrease in the company's liquidity position during that period.
The cash ratio remained relatively low during the subsequent quarters, indicating a challenge in maintaining sufficient cash reserves to cover short-term obligations. Notably, there were fluctuations observed in the cash ratio thereafter, with some increment in the cash ratio in the third quarter of 2023, reaching 0.43, indicating an improvement in liquidity at that point.
Overall, the cash ratio of B&G Foods Inc has shown volatility over the period analyzed, indicating fluctuations in the company's ability to cover its short-term liabilities with available cash. It is important for stakeholders to monitor this ratio closely to assess the company's liquidity position effectively.
Peer comparison
Dec 31, 2024