Calavo Growers Inc (CVGW)
Quick 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 | 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 | — | — | — | — | — | — |
| Receivables | US$ in thousands | 36,052 | 68,176 | 80,567 | 73,157 | 66,350 | 63,816 | 86,992 | 111,817 | 97,483 | 84,166 | 86,556 | 92,531 | 78,306 | 69,368 | 77,267 | 85,111 | 82,658 | 68,723 | 88,338 | 83,392 |
| 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 |
| Quick ratio | 0.35 | 0.86 | 0.81 | 0.67 | 0.65 | 0.65 | 0.76 | 0.81 | 0.90 | 0.75 | 1.16 | 1.34 | 1.40 | 0.91 | 0.82 | 0.73 | 0.77 | 0.85 | 0.94 | 0.83 |
January 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($5,658K
+ $—K
+ $36,052K)
÷ $120,895K
= 0.35
The quick ratio of Calavo Growers Inc has fluctuated over the past two years, ranging from a low of 0.35 to a high of 1.40. A quick ratio below 1 suggests that the company may have difficulty meeting its short-term obligations with its most liquid assets.
In the most recent period, the quick ratio of 0.35 indicates that the company may have limited ability to cover its current liabilities with its quick assets. However, it is important to note that the quick ratio can vary seasonally for agricultural companies like Calavo Growers.
Overall, the trend in the quick ratio of Calavo Growers Inc shows some variability, and it would be advisable to monitor this ratio over time to assess the company's ability to meet its short-term obligations effectively.