B&G Foods Inc (BGS)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 181,328 | 167,804 | 153,856 | 139,310 | 151,003 | 163,779 | 155,651 | — | 158,043 | — | — | — | 149,565 | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 1.32 | 0.41 | 0.40 | 0.74 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($50,583K
+ $80,331K
+ $181,328K)
÷ $236,865K
= 1.32
The quick ratio of B&G Foods Inc has shown fluctuations over the specified time period from March 31, 2020, to December 31, 2024. The quick ratio represents the company's ability to meet its short-term obligations with its most liquid assets.
The quick ratio started at 0.61 on March 31, 2020, and steadily increased to 0.79 by June 30, 2020, reflecting an improvement in the company's liquidity position. However, there was a significant drop to 0.19 on September 30, 2020, indicating potential difficulties in meeting short-term obligations with liquid assets.
The quick ratio remained below 1 for the subsequent quarters until December 31, 2021, when it jumped to 0.75, showing an improvement in the company's liquidity. The ratio continued to fluctuate between 0.15 and 0.86 over the next few quarters, indicating some volatility in the company's ability to cover short-term liabilities with liquid assets.
The quick ratio reached its highest point of 1.32 on December 31, 2024, indicating a significant increase in liquidity and the company's ability to fulfill short-term obligations with available liquid assets. Overall, the quick ratio of B&G Foods Inc has shown variability, with both strengths and weaknesses in liquidity management observed during the period under review.
Peer comparison
Dec 31, 2024