ConAgra Foods Inc (CAG)
Cash ratio
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | May 26, 2024 | Feb 29, 2024 | Feb 25, 2024 | Nov 30, 2023 | Nov 26, 2023 | Aug 31, 2023 | Aug 27, 2023 | May 31, 2023 | May 28, 2023 | Feb 28, 2023 | Feb 26, 2023 | Nov 30, 2022 | Nov 27, 2022 | Aug 31, 2022 | Aug 28, 2022 | May 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 49,400 | 37,400 | 128,700 | 77,700 | 77,700 | 78,500 | 78,500 | 61,500 | 61,500 | 93,300 | 93,300 | 93,900 | 93,300 | 71,200 | 71,200 | 39,700 | 39,700 | 67,400 | 67,400 | 83,300 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | 600 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,303,700 | 4,559,700 | 3,646,800 | 3,241,800 | 3,241,800 | 3,470,900 | 3,470,900 | 3,833,100 | 3,833,100 | 3,940,100 | 3,940,100 | 4,440,700 | 4,440,700 | 3,561,000 | 3,561,000 | 3,722,700 | 3,722,700 | 4,160,300 | 4,160,300 | 3,518,800 |
| Cash ratio | 0.01 | 0.01 | 0.04 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 |
February 28, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($49,400K
+ $—K)
÷ $4,303,700K
= 0.01
The cash ratio of ConAgra Foods Inc, calculated as the ratio of cash and cash equivalents to current liabilities, shows a consistent trend of stability over the reported periods. The data indicates that the cash ratio has been relatively low, ranging from 0.01 to 0.04, with most values clustered around 0.02.
A cash ratio of 0.02 means that for every dollar of current liabilities, ConAgra Foods Inc has 2 cents in cash and cash equivalents available to cover its short-term financial obligations. While having a low cash ratio may raise concerns about the company's liquidity position, it is important to note that the adequacy of the ratio depends on the industry norms and specific business circumstances.
The consistent nature of the cash ratio over the reporting periods suggests that ConAgra Foods Inc has maintained a relatively stable level of cash reserves in comparison to its current liabilities. This stability may indicate a conservative approach to managing liquidity, ensuring that the company can meet its short-term financial obligations while also making investments for future growth.
In conclusion, the cash ratio analysis of ConAgra Foods Inc reflects a steady and cautious approach to managing liquidity, with the company maintaining a consistent level of cash reserves relative to its current liabilities.
Peer comparison
Feb 28, 2025