B&G Foods Inc (BGS)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 50,583 | 41,094 | 45,442 | 33,690 | 52,182 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 181,328 | 151,003 | 158,043 | 149,565 | 148,696 |
| Total current liabilities | US$ in thousands | 236,865 | 262,418 | 271,534 | 244,287 | 245,652 |
| Quick ratio | 0.98 | 0.73 | 0.75 | 0.75 | 0.82 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($50,583K
+ $—K
+ $181,328K)
÷ $236,865K
= 0.98
The quick ratio of B&G Foods Inc has shown a fluctuating trend over the past five years. In December 31, 2020, the quick ratio stood at 0.82, indicating that the company had $0.82 of liquid assets available to cover each dollar of current liabilities. By December 31, 2021, the quick ratio decreased slightly to 0.75, and maintained the same level in both December 31, 2022, and December 31, 2023.
However, there was a notable improvement in the quick ratio by December 31, 2024, where it increased to 0.98. This suggests that the company had a stronger ability to meet its short-term obligations using its most liquid assets by this time. Overall, while there have been fluctuations, the company's quick ratio indicates a mixed performance in terms of liquidity management over the period analyzed.
Peer comparison
Dec 31, 2024