B&G Foods Inc (BGS)

Quick 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	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	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables	US$ in thousands	151,003	163,779	155,651	—	158,043	—	—	—	149,565	—	—	—	—	—	—	—	—	—	—	—
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
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

December 31, 2023 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($41,094K + $—K + $151,003K) ÷ $262,418K
= 0.73

The quick ratio of B&G Foods Inc has shown fluctuating trends over the past several quarters. The quick ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 generally indicates potential liquidity issues.

In the most recent quarter, as of December 31, 2023, the quick ratio stands at 0.73, suggesting that the company may not have enough liquid assets to cover its short-term liabilities comfortably. This is a slight improvement compared to the immediate prior quarter where the quick ratio was 0.62.

Looking back at the historical data, the quick ratio has varied significantly, ranging from a low of 0.04 in the first quarter of 2019 to a high of 0.92 in the first quarter of 2020. These fluctuations indicate potential volatility in the company's ability to meet short-term obligations with its current assets.

Overall, the trend in B&G Foods Inc's quick ratio shows some inconsistency, which may warrant further investigation into the company's liquidity management and short-term financial strategies to ensure a more stable financial position in the future.