National Beverage Corp (FIZZ)
Cash ratio
| Apr 30, 2025 | Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 193,835 | 327,047 | 327,047 | 158,074 | 158,074 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 140,502 | 137,927 | 137,927 | 144,321 | 144,321 |
| Cash ratio | 1.38 | 2.37 | 2.37 | 1.10 | 1.10 |
April 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($193,835K
+ $—K)
÷ $140,502K
= 1.38
The cash ratio of National Beverage Corp has experienced notable fluctuations over the specified periods. As of April 29 and April 30, 2023, the cash ratio stood at 1.10, indicating that the company's cash and cash equivalents exceeded its current liabilities by 10%. This suggests a relatively comfortable liquidity position, with sufficient short-term liquidity to cover immediate obligations without relying on inventory or receivables.
By April 27 and April 30, 2024, the cash ratio increased substantially to 2.37. This elevated ratio reflects a significant strengthening in liquidity, implying that the company's cash holdings more than doubled in relation to its current liabilities. Such a level suggests a very conservative liquidity stance, potentially indicating readiness to meet any short-term obligations promptly, or possibly a strategic accumulation of cash reserves.
Moving to April 30, 2025, the cash ratio decreased to 1.38. While still indicating a strong liquidity position, this decline represents a partial reduction from the previous year's peak. The ratio suggests that the company's liquidity remains robust, with cash and cash equivalents still comfortably covering its current liabilities, though not at the elevated levels observed in 2024.
Overall, the company's cash ratio demonstrates a pattern of initial stability, a marked increase indicating a period of ample liquidity, followed by a modest decrease yet maintaining a solid liquidity buffer. These variations could be reflective of changes in cash holdings, short-term liabilities, or strategic shifts in working capital management.
Peer comparison
Apr 30, 2025