B&G Foods Inc (BGS)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.06 | 1.52 | 3.96 | 4.06 | 3.75 | 3.27 | 3.27 | 3.46 | 3.42 | 3.11 | 3.43 | 3.51 | 3.00 | 2.56 | 3.12 | 3.69 | 3.05 | 3.47 | 3.02 | 2.15 |
| Quick ratio | 0.73 | 0.62 | 0.86 | 0.16 | 0.75 | 0.17 | 0.15 | 0.17 | 0.75 | 0.09 | 0.18 | 0.21 | 0.21 | 0.19 | 0.79 | 0.61 | 0.05 | 0.92 | 0.10 | 0.04 |
| 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 |
B&G Foods Inc's liquidity ratios fluctuated over the past five quarters. The current ratio ranged from a low of 1.52 to a high of 4.06. This indicates the company's ability to cover its short-term obligations with its current assets improved in some quarters but fluctuated overall.
The quick ratio, which measures the company's ability to meet short-term liabilities with its most liquid assets, also varied significantly, ranging from 0.05 to 0.92. This suggests that B&G Foods Inc's ability to cover immediate liabilities with its quick assets fluctuated greatly over the period.
The cash ratio, which provides insight into the company's ability to cover its current liabilities with cash and cash equivalents, showed similar fluctuations, ranging from 0.04 to 0.92. This indicates that the company's cash position relative to its current liabilities was not consistent over the quarters.
Overall, the liquidity ratios of B&G Foods Inc show variability over the past five quarters, indicating varying levels of liquidity and ability to meet short-term obligations with current assets. It would be important for stakeholders to monitor these ratios closely to ensure the company's ability to maintain financial stability.
Additional liquidity measure
| 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 conversion cycle | days | 117.48 | 114.86 | 127.23 | 104.65 | 132.11 | 101.95 | 94.39 | 88.45 | 120.80 | 96.08 | 87.70 | 77.86 | 79.04 | 64.36 | 53.96 | 73.21 | 89.41 | 85.24 | 70.58 | 59.39 |
The cash conversion cycle of B&G Foods Inc has varied over the past five years, reflecting fluctuations in the company's efficiency in managing its working capital. The cycle measures the time it takes for a company to convert its investments in inventory and other resources into cash flows from sales.
From Dec 2019 to Dec 2023, B&G Foods Inc's cash conversion cycle ranged from a low of 53.96 days to a high of 132.11 days. The longest cycle was observed in Dec 2022 at 132.11 days, indicating a slower conversion of inventory into sales and ultimately into cash. Conversely, the shortest cycle was in Jun 2020 at 53.96 days, showcasing better efficiency in managing working capital.
Overall, there have been fluctuations in the cash conversion cycle, with periods of longer and shorter cycles. A decreasing trend in the cycle can indicate improved efficiency and liquidity management, while an increasing trend may suggest potential challenges in working capital management or inefficiencies in the company's operations. Further analysis and comparison with industry benchmarks would provide more insights into B&G Foods Inc's performance in this area.