National Beverage Corp (FIZZ)
Cash ratio
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 193,835 | 149,222 | 112,837 | 77,040 | 327,047 | 327,047 | 276,961 | 276,961 | 247,679 | 247,679 | 222,769 | 222,769 | 158,074 | 158,074 | 118,324 | 118,324 | 92,626 | 92,626 | 56,061 | 56,061 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 140,502 | 119,614 | 128,111 | 147,482 | 137,927 | 137,927 | 133,097 | 133,097 | 142,550 | 142,550 | 156,831 | 156,831 | 144,321 | 144,321 | 125,522 | 125,522 | 147,702 | 147,702 | 132,064 | 132,064 |
| Cash ratio | 1.38 | 1.25 | 0.88 | 0.52 | 2.37 | 2.37 | 2.08 | 2.08 | 1.74 | 1.74 | 1.42 | 1.42 | 1.10 | 1.10 | 0.94 | 0.94 | 0.63 | 0.63 | 0.42 | 0.42 |
April 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($193,835K
+ $—K)
÷ $140,502K
= 1.38
The analysis of National Beverage Corporation’s cash ratio over the specified periods reveals notable fluctuations indicating shifts in liquidity positioning. The cash ratio, which measures a company's ability to meet its short-term obligations using only its cash and cash equivalents, commenced at 0.42 as of July and October 2022, reflecting a conservative liquidity stance with less than half of current liabilities covered by cash alone.
Throughout 2023, the cash ratio demonstrated a consistent upward trend, reaching 0.94 by January and further increasing to 1.10 in April and 1.42 in July, signifying a strengthening liquidity position with cash holdings surpassing current liabilities. The most significant increase occurred between July and October 2023, where the ratio rose sharply from 1.42 to 1.74, indicating a substantial accumulation of liquid assets relative to short-term obligations.
In early 2024, the cash ratio peaked at 2.08 in January, then slightly declined to 0.52 by July, followed by an increase to 0.88 in October and further improvement to 1.25 in January 2025. The April 2025 figure of 1.38 continues this upward trend, implying sustained liquidity strength.
Overall, the pattern suggests that National Beverage Corp experienced a period of enhanced liquidity from mid-2022 through early 2024, characterized by increasing cash reserves relative to current liabilities. However, the notable dip observed in July 2024 indicates a temporary reduction in liquid assets, followed by a partial recovery. The fluctuation highlights responsiveness to internal or external factors influencing liquidity management and underscores a trend of generally improving cash reserves over the analyzed timeframe.
Peer comparison
Apr 30, 2025