National Beverage Corp (FIZZ)
Cash ratio
| Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Jan 25, 2020 | Oct 26, 2019 | Jul 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 327,047 | 276,961 | 247,679 | 222,769 | 158,074 | 118,324 | 92,626 | 56,061 | 48,050 | 40,372 | 273,037 | 245,535 | 193,589 | 153,306 | 405,444 | 352,519 | 304,518 | 261,660 | 233,867 | 202,668 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 137,927 | 133,097 | 142,550 | 156,831 | 144,321 | 125,522 | 147,702 | 132,064 | 145,319 | 119,480 | 139,758 | 153,346 | 147,194 | 130,617 | 139,994 | 149,665 | 141,688 | 109,164 | 108,146 | 117,429 |
| Cash ratio | 2.37 | 2.08 | 1.74 | 1.42 | 1.10 | 0.94 | 0.63 | 0.42 | 0.33 | 0.34 | 1.95 | 1.60 | 1.32 | 1.17 | 2.90 | 2.36 | 2.15 | 2.40 | 2.16 | 1.73 |
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 for National Beverage Corp has fluctuated over the past several quarters, ranging from a low of 0.33 to a high of 2.90. The cash ratio measures a company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet immediate financial obligations without relying on external financing.
In the most recent period, the cash ratio was 2.37, signaling that National Beverage Corp has a solid cash position relative to its short-term liabilities. This indicates that the company has a sufficient amount of cash on hand to cover its current liabilities, which may provide a margin of safety in uncertain economic conditions.
It is worth noting that the cash ratio has shown some volatility over the analyzed periods, which could be attributed to changes in the company's cash holdings, operating activities, and investment decisions. Therefore, monitoring this ratio over time can provide insights into National Beverage Corp's liquidity management and financial health.
Peer comparison
Apr 27, 2024