ConAgra Foods Inc (CAG)
Cash ratio
| May 26, 2024 | Feb 25, 2024 | Nov 26, 2023 | Aug 27, 2023 | May 28, 2023 | Feb 26, 2023 | Nov 27, 2022 | Aug 28, 2022 | May 29, 2022 | Feb 27, 2022 | Nov 28, 2021 | Aug 29, 2021 | May 30, 2021 | Feb 28, 2021 | Nov 29, 2020 | Aug 30, 2020 | May 31, 2020 | Feb 23, 2020 | Nov 24, 2019 | Aug 25, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 77,700 | 78,500 | 61,500 | 93,300 | 93,300 | 71,200 | 39,700 | 67,400 | 83,300 | 79,700 | 68,700 | 67,000 | 79,200 | 80,700 | 68,000 | 438,200 | 553,300 | 99,000 | 192,000 | 64,700 |
| Short-term investments | US$ in thousands | — | — | — | — | 600 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,241,800 | 3,470,900 | 3,833,100 | 3,940,100 | 4,440,700 | 3,561,000 | 3,722,700 | 4,160,300 | 3,518,800 | 3,524,600 | 3,277,000 | 3,090,300 | 3,306,200 | 3,291,100 | 3,351,400 | 3,101,900 | 3,287,400 | 3,127,100 | 3,425,800 | 2,449,900 |
| Cash ratio | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.14 | 0.17 | 0.03 | 0.06 | 0.03 |
May 26, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($77,700K
+ $—K)
÷ $3,241,800K
= 0.02
The cash ratio of ConAgra Foods Inc has been relatively stable, ranging between 0.01 to 0.17 over the past few quarters. The cash ratio measures a company's ability to cover its short-term liabilities with its cash and cash equivalents.
A cash ratio of 0.02 indicates that for every dollar of current liabilities, ConAgra Foods Inc has $0.02 of cash and cash equivalents available. This suggests that the company may have limited liquidity to cover its short-term obligations.
The significant increase in the cash ratio to 0.17 in August 2020 may indicate a temporary boost in cash reserves or a reduction in short-term obligations. However, it is important to note that this spike was followed by a return to more typical levels in subsequent quarters.
Overall, the cash ratio of ConAgra Foods Inc appears to be consistent with industry norms, but close monitoring of liquidity management is recommended to ensure the company can meet its short-term financial commitments effectively.
Peer comparison
May 26, 2024