National Beverage Corp (FIZZ)

Liquidity ratios

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
Current ratio 2.95 2.54 1.99 3.89 3.89 3.68 3.68 3.20 3.20 2.75 2.75 2.54 2.54 2.58 2.58 2.02 2.02 1.92 1.92 1.89
Quick ratio 1.25 0.88 0.52 2.37 3.12 2.08 2.85 1.74 2.44 1.42 2.11 1.10 1.82 0.94 1.72 0.63 1.31 0.42 1.18 0.33
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

National Beverage Corp's liquidity ratios show a positive trend over the period analyzed. The current ratio has consistently increased from 1.89 as of April 30, 2022, to 2.95 as of January 31, 2025. This indicates that the company is able to cover its short-term liabilities with its current assets, with a notable improvement in its ability to meet current obligations.

Similarly, the quick ratio has also shown improvement, from 0.33 on April 30, 2022, to 1.25 on January 31, 2025. The quick ratio excludes inventory from current assets, focusing on more liquid assets, and the upward trend suggests an enhancement in the company's ability to meet short-term obligations without relying on inventory sales.

The cash ratio, which provides the most conservative measure of liquidity by considering only cash and cash equivalents, has also shown a positive trend, increasing from 0.33 on April 30, 2022, to 1.25 on January 31, 2025. This demonstrates the company's strengthening ability to cover its short-term liabilities using its most liquid assets.

Overall, the increasing trend in all three liquidity ratios reflects National Beverage Corp's improving ability to meet its short-term financial obligations and suggests a healthy liquidity position for the company.


Additional liquidity measure

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 conversion cycle days 41.65 43.42 43.85 42.86 36.18 44.43 38.39 42.12 35.47 43.08 36.46 47.73 38.32 45.77 41.23 38.57 31.84 41.80 39.72 54.00

The cash conversion cycle of National Beverage Corp, which represents the time it takes for the company to convert its investments in inventory and other resources into cash inflows from sales, has displayed fluctuating trends over the periods covered in the data.

The cycle ranged from a high of 54.00 days on April 30, 2022, to a low of 31.84 days on October 29, 2022, indicating fluctuations in the efficiency of the company's cash management and working capital utilization.

Overall, there seems to be a general trend towards improvement in the cash conversion cycle over time, with occasional spikes observed. This improvement suggests that the company may be managing its inventory and accounts receivable more effectively, leading to faster cash conversion and potentially stronger liquidity positions.

It is important for National Beverage Corp to consistently monitor and manage its cash conversion cycle to ensure optimal working capital management and efficient cash flow operations.