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.