ConAgra Foods Inc (CAG)
Quick ratio
| May 26, 2024 | May 28, 2023 | May 29, 2022 | May 30, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 77,700 | 93,300 | 83,300 | 79,200 | 553,300 |
| Short-term investments | US$ in thousands | — | 600 | — | — | — |
| Receivables | US$ in thousands | 871,800 | 952,800 | 867,400 | 793,900 | 860,800 |
| Total current liabilities | US$ in thousands | 3,241,800 | 4,440,700 | 3,518,800 | 3,306,200 | 3,287,400 |
| Quick ratio | 0.29 | 0.24 | 0.27 | 0.26 | 0.43 |
May 26, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($77,700K
+ $—K
+ $871,800K)
÷ $3,241,800K
= 0.29
The quick ratio of ConAgra Foods Inc has been fluctuating over the past five years, ranging from 0.24 to 0.43. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets, excluding inventory. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
In the most recent year, as of May 26, 2024, the quick ratio stood at 0.29, showing a slight improvement compared to the previous year but still below the ideal threshold of 1. This suggests that ConAgra Foods Inc may continue to face challenges in fulfilling its short-term obligations without relying on inventory. Further analysis of the company's cash flow management and liquidity position is recommended to assess the overall financial health and sustainability of ConAgra Foods Inc.
Peer comparison
May 26, 2024