Calavo Growers Inc (CVGW)
Cash ratio
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 5,658 | 2,091 | 1,402 | 4,198 | 1,797 | 2,060 | 2,505 | 2,317 | 7,826 | 1,885 | 368 | 5,582 | 8,168 | 4,055 | 3,573 | 3,284 | 4,937 | 7,973 | 5,168 | 7,361 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | 30,040 | 30,292 | 26,786 | 23,197 | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 120,895 | 81,746 | 101,309 | 115,782 | 105,122 | 101,953 | 118,454 | 140,248 | 116,876 | 114,624 | 100,714 | 95,584 | 81,137 | 106,331 | 98,414 | 121,015 | 113,132 | 90,629 | 99,677 | 109,855 |
| Cash ratio | 0.05 | 0.03 | 0.01 | 0.04 | 0.02 | 0.02 | 0.02 | 0.02 | 0.07 | 0.02 | 0.30 | 0.38 | 0.43 | 0.26 | 0.04 | 0.03 | 0.04 | 0.09 | 0.05 | 0.07 |
January 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($5,658K
+ $—K)
÷ $120,895K
= 0.05
The cash ratio of Calavo Growers Inc has exhibited some variability over the most recent quarters. The ratio, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, has ranged from a low of 0.01 to a high of 0.43 in the past few quarters. A higher cash ratio indicates a stronger liquidity position for the company.
In the most recent quarter of January 31, 2024, the cash ratio stands at 0.05, indicating that Calavo Growers Inc may have a modest ability to cover its short-term obligations with its available cash and cash equivalents. However, it is important to note that the ratio has fluctuated over the previous quarters, suggesting potential fluctuations in the company's liquidity position.
Overall, while the cash ratio provides insights into Calavo Growers Inc's short-term liquidity, investors and analysts may need to consider additional financial metrics and indicators to gain a more comprehensive understanding of the company's financial health and stability.