ConAgra Foods Inc (CAG)
Quick ratio
| May 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 68,000 | 49,400 | 37,400 | 128,700 | 77,700 | 77,700 | 78,500 | 78,500 | 61,500 | 61,500 | 93,300 | 93,300 | 93,300 | 93,300 | 71,200 | 71,200 | 39,700 | 39,700 | 67,400 | 67,400 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | 600 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 770,000 | 769,900 | 856,900 | 933,400 | 871,800 | 871,800 | 916,500 | 916,500 | 974,100 | 974,100 | 971,500 | 971,500 | 952,800 | 952,800 | 960,000 | 960,000 | 910,500 | 910,500 | 788,600 | 788,600 |
| Total current liabilities | US$ in thousands | 4,317,000 | 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 |
| Quick ratio | 0.19 | 0.19 | 0.20 | 0.29 | 0.29 | 0.29 | 0.29 | 0.29 | 0.27 | 0.27 | 0.27 | 0.27 | 0.24 | 0.24 | 0.29 | 0.29 | 0.26 | 0.26 | 0.21 | 0.21 |
May 31, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($68,000K
+ $—K
+ $770,000K)
÷ $4,317,000K
= 0.19
The analysis of ConAgra Foods Inc.'s quick ratio over the period from August 2022 through May 2025 indicates a pattern of relative stability with minor fluctuations. Historically, the quick ratio has predominantly ranged between 0.21 and 0.29, reflecting a conservative liquidity position.
During the initial periods, specifically in late 2022, the quick ratio was approximately 0.21 to 0.26, suggesting that the company's most liquid assets, excluding inventory, covered roughly 21% to 26% of its current liabilities. The ratio increased gradually through early 2023, reaching approximately 0.29 by February 2023, indicating an improvement in liquidity or a reduction in current liabilities relative to liquid assets.
Throughout 2023, the ratio maintained stability around 0.24 to 0.27, which suggests consistent management of liquid assets relative to current liabilities. Notably, in late 2023, the ratio remained steady at approximately 0.27. Beginning in early 2024, the ratio showed a slight upward trend, reaching 0.29s, matching the previous peak levels, potentially reflecting improved liquidity or changes in current asset and liability levels.
However, in late 2024 and into early 2025, a decline is observed, with the quick ratio dropping to 0.20 and subsequently to 0.19 by February and May 2025. This decline indicates a reduced cushion of liquid assets relative to current liabilities, which may suggest increasing short-term liquidity constraints or a shift in the composition of current assets, such as a decrease in cash or receivables.
Overall, ConAgra Foods Inc.’s quick ratio has generally remained below 0.30 throughout the period, which is indicative of a cautious liquidity stance typical for companies operating with efficient inventory management or with quick turnover assets. The recent decrease below 0.20 warrants attention, as it may reflect potential liquidity tightening or operational changes affecting current liquid assets relative to current liabilities.
Peer comparison
May 31, 2025