National Beverage Corp (FIZZ)
Cash ratio
| 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 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 48,050 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 145,319 |
| Cash ratio | 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 | 0.33 |
January 31, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($149,222K
+ $—K)
÷ $119,614K
= 1.25
The cash ratio of National Beverage Corp has shown fluctuations over the given time period. The cash ratio is a financial metric that measures a company's ability to cover its short-term liabilities with available cash and cash equivalents. A higher cash ratio indicates a stronger ability to meet short-term obligations.
The cash ratio for National Beverage Corp was 0.33 as of April 30, 2022, indicating that the company had $0.33 in cash and cash equivalents for every $1 of short-term liabilities. Over the following months, the cash ratio gradually increased to 2.37 as of April 30, 2024, which suggests a significant improvement in the company's liquidity position during this period.
However, there was a notable decline in the cash ratio to 0.52 as of July 31, 2024, followed by a moderate increase to 1.25 as of January 31, 2025. It is important to note that a low cash ratio may signal potential liquidity issues, while a very high cash ratio may indicate that the company is not efficiently using its cash.
In conclusion, National Beverage Corp has experienced fluctuations in its cash ratio over the analyzed period, with varying levels of liquidity. It is essential for investors and stakeholders to monitor the company's cash position to ensure its ability to meet short-term obligations.
Peer comparison
Jan 31, 2025