National Beverage Corp (FIZZ)
Quick ratio
| Apr 30, 2024 | Apr 27, 2024 | Apr 30, 2023 | Apr 29, 2023 | Apr 30, 2022 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 327,047 | 327,047 | 158,074 | 158,074 | 48,050 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | 102,837 | — | 104,918 | — |
| Total current liabilities | US$ in thousands | 137,927 | 137,927 | 144,321 | 144,321 | 145,319 |
| Quick ratio | 2.37 | 3.12 | 1.10 | 1.82 | 0.33 |
April 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($327,047K
+ $—K
+ $—K)
÷ $137,927K
= 2.37
The quick ratio of National Beverage Corp has exhibited significant fluctuations over the years, reflecting changes in the company's liquidity position. As of April 30, 2022, the quick ratio was notably low at 0.33, indicating a potential liquidity concern with insufficient quick assets to cover current liabilities. However, by April 29, 2023, the quick ratio improved substantially to 1.82, suggesting a stronger ability to meet short-term obligations without relying heavily on inventory.
In the following year, the quick ratio decreased to 1.10 as of April 30, 2023, signaling a slight decline in the company's liquidity position. However, by April 27, 2024, the quick ratio surged to 3.12, reflecting a significant improvement in liquidity with more than sufficient quick assets to cover short-term liabilities.
As of the most recent reporting period on April 30, 2024, the quick ratio stood at 2.37, indicating a favorable liquidity position for National Beverage Corp. Overall, the company has demonstrated varying levels of liquidity adequacy over the years, with recent improvements suggesting a strengthened ability to meet its short-term obligations efficiently.
Peer comparison
Apr 30, 2024