National Beverage Corp (FIZZ)
Cash ratio
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | May 1, 2021 | May 2, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 327,047 | 158,074 | 48,050 | 193,589 | 304,518 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 137,927 | 144,321 | 145,319 | 147,194 | 141,688 |
| Cash ratio | 2.37 | 1.10 | 0.33 | 1.32 | 2.15 |
April 27, 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 significant improvement over the past five years. As of April 27, 2024, the cash ratio stands at 2.37, indicating that the company has $2.37 in cash and cash equivalents for every dollar of current liabilities. This represents a positive liquidity position, suggesting that the company has ample short-term cash reserves to cover its immediate obligations.
Comparing this to previous years, we observe a steady increase in the cash ratio from 1.10 in 2023, 0.33 in 2022, 1.32 in 2021, to 2.15 in 2020. This upward trend signifies an enhanced ability of National Beverage Corp to meet its short-term financial commitments without relying heavily on external financing or asset liquidation.
The latest cash ratio of 2.37 reflects a strong cash position and improved liquidity management by the company. It indicates a healthier financial condition and a reduced risk of liquidity problems in the near term. Overall, the increasing cash ratio trend is a positive signal of the company's financial health and ability to meet its short-term obligations comfortably.
Peer comparison
Apr 27, 2024