ConAgra Foods Inc (CAG)
Quick 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 | 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 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | 871,800 | — | 916,500 | — | 974,100 | — | 971,500 | — | 952,800 | — | 960,000 | — | 910,500 | — | 788,600 | — |
| 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 |
| Quick ratio | 0.01 | 0.01 | 0.04 | 0.02 | 0.29 | 0.02 | 0.29 | 0.02 | 0.27 | 0.02 | 0.27 | 0.02 | 0.24 | 0.02 | 0.29 | 0.01 | 0.26 | 0.02 | 0.21 | 0.02 |
February 28, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($49,400K
+ $—K
+ $—K)
÷ $4,303,700K
= 0.01
The quick ratio of ConAgra Foods Inc has been fluctuating over the periods analyzed, ranging from a low of 0.01 to a high of 0.29. The quick ratio is a measure of a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1.0 typically indicates potential liquidity issues, as it suggests that the company may not have sufficient liquid assets to cover its current liabilities.
Based on the data provided, ConAgra Foods Inc's quick ratio has mostly been below 1.0, which may raise concerns about its short-term liquidity position. It is important for the company to closely monitor its liquidity levels to ensure it can meet its immediate financial obligations. An upward trend in the quick ratio, as seen in some periods where the ratio reached 0.29, indicates an improvement in liquidity, while a decrease, as seen in periods where the ratio dropped to 0.01, may suggest potential liquidity challenges.
Overall, the analysis of ConAgra Foods Inc's quick ratio highlights the importance of maintaining a healthy level of liquid assets to meet short-term liabilities and the need for the company to manage its liquidity effectively to support its financial stability.
Peer comparison
Feb 28, 2025