National Beverage Corp (FIZZ)
Current ratio
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 536,872 | 536,872 | 366,405 | 366,405 | 274,520 |
| Total current liabilities | US$ in thousands | 137,927 | 137,927 | 144,321 | 144,321 | 145,319 |
| Current ratio | 3.89 | 3.89 | 2.54 | 2.54 | 1.89 |
April 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $536,872K ÷ $137,927K
= 3.89
The current ratio of National Beverage Corp has shown a steady increase over the past few years. As of April 30, 2022, the current ratio was 1.89, indicating that the company had $1.89 in current assets for every $1 in current liabilities. By April 30, 2024, the current ratio had improved significantly to 3.89, suggesting a stronger liquidity position, with $3.89 in current assets available to cover each $1 of current liabilities. This upward trend in the current ratio reflects an improvement in the company's ability to meet its short-term obligations using its current assets. Overall, the increasing current ratio indicates a healthy liquidity position for National Beverage Corp.
Peer comparison
Apr 30, 2024