National Beverage Corp (FIZZ)
Cash ratio
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 327,047 | 327,047 | 158,074 | 158,074 | 48,050 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 137,927 | 137,927 | 144,321 | 144,321 | 145,319 |
| Cash ratio | 2.37 | 2.37 | 1.10 | 1.10 | 0.33 |
April 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($327,047K
+ $—K)
÷ $137,927K
= 2.37
The cash ratio of National Beverage Corp has shown a positive trend over the years, increasing from 0.33 in April 30, 2022, to 2.37 in both April 27, 2024, and April 30, 2024. This indicates that the company's ability to cover its short-term liabilities with its cash and cash equivalents has improved significantly. The cash ratio exceeding 1 signifies that the company has ample liquid assets available to meet its short-term obligations comfortably. The consistent increase in the cash ratio reflects a strengthening liquidity position for National Beverage Corp, suggesting a healthier financial position and potentially lower financial risk.
Peer comparison
Apr 30, 2024