ConAgra Foods Inc (CAG)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 871,800 | 916,500 | 974,100 | 971,500 | 952,800 | 960,000 | 910,500 | 788,600 | 867,400 | 914,500 | 977,200 | 834,400 | 793,900 | 841,400 | 948,500 | 807,800 | 860,800 | 854,200 | 947,600 | 776,300 |
| 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 |
| Quick ratio | 0.29 | 0.29 | 0.27 | 0.27 | 0.24 | 0.29 | 0.26 | 0.21 | 0.27 | 0.28 | 0.32 | 0.29 | 0.26 | 0.28 | 0.30 | 0.40 | 0.43 | 0.30 | 0.33 | 0.34 |
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 shown some fluctuations over the periods analyzed. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities.
The quick ratio of ConAgra Foods Inc ranged from 0.21 to 0.43 over the periods provided. The highest quick ratio of 0.43 was observed in August 2020, indicating a relatively stronger ability to cover short-term liabilities with liquid assets at that time. However, there were also periods, such as in August 2022 and August 2023, where the quick ratio was at its lowest, at 0.21 and 0.21 respectively, indicating a potential strain on the company's short-term liquidity.
Overall, the quick ratio of ConAgra Foods Inc has shown some variability, reflecting fluctuations in the company's ability to quickly meet its short-term obligations with its readily available assets. Further analysis in conjunction with other financial metrics would provide a more comprehensive understanding of the company's overall liquidity position and financial health.
Peer comparison
May 26, 2024