National Beverage Corp (FIZZ)

Liquidity ratios

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
Current ratio 3.89 3.68 3.20 2.75 2.54 2.58 2.02 1.92 1.89 1.98 3.22 2.76 2.48 2.40 4.04 3.52 3.25 3.73 3.56 3.12
Quick ratio 3.12 2.85 2.44 2.11 1.82 1.72 1.31 1.18 0.97 1.03 2.59 2.24 1.90 1.75 3.49 2.36 2.75 3.06 2.83 2.45
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

National Beverage Corp's liquidity ratios have shown fluctuating trends over the past few quarters. The current ratio has generally been above 2, indicating that the company has more than enough current assets to cover its current liabilities. The trend shows an improvement in recent quarters, reaching a high of 3.89 in the latest period.

The quick ratio, which provides a more stringent measure of liquidity by excluding inventory from current assets, has also shown a similar improving trend, with the latest ratio at 3.12. This indicates that the company has a strong ability to meet its short-term obligations without relying on selling inventory.

The cash ratio, which is the most conservative liquidity ratio focusing only on cash and cash equivalents, has also exhibited a positive trend, reaching 2.37 in the latest period. This shows the company's ability to cover its current liabilities solely with its available cash resources.

Overall, the improving liquidity ratios suggest that National Beverage Corp has been managing its short-term financial obligations effectively and has sufficient liquid assets to support its operations and growth. However, it is essential for the company to maintain these positive liquidity trends to ensure financial stability and flexibility in the future.


Additional liquidity measure

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 conversion cycle days 34.52 38.82 37.15 36.03 36.63 41.82 33.49 38.87 34.08 37.50 23.02 24.74 19.74 25.59 22.15 -6.50 24.68 28.40 31.24 35.97

The cash conversion cycle of National Beverage Corp has fluctuated over the past several quarters, indicating variability in the efficiency of the company's working capital management. The cash conversion cycle represents the time it takes for a company to convert its investments in inventory and other resources into cash from sales.

In analyzing the trend, we observe that the company's cash conversion cycle has generally stayed positive, indicating that the company takes more time to convert its investments back into cash received from customers. A longer cash conversion cycle may suggest inefficiencies in inventory management, collection of accounts receivable, or payment of accounts payable.

The negative cash conversion cycle observed in August 2020 suggests that, during that period, the company was able to convert its investments back into cash before paying its suppliers, potentially indicating a more efficient working capital management or favorable payment terms with suppliers.

Overall, the fluctuations in the cash conversion cycle suggest that National Beverage Corp may benefit from a more consistent approach to managing its working capital components to optimize cash flows and improve overall financial performance.