National Beverage Corp (FIZZ)

Quick ratio

Apr 30, 2025 Apr 30, 2024 Apr 27, 2024 Apr 30, 2023 Apr 29, 2023
Cash US$ in thousands 193,835 327,047 327,047 158,074 158,074
Short-term investments US$ in thousands
Receivables US$ in thousands 104,157 102,837 102,837 104,918 104,918
Total current liabilities US$ in thousands 140,502 137,927 137,927 144,321 144,321
Quick ratio 2.12 3.12 3.12 1.82 1.82

April 30, 2025 calculation

Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($193,835K + $—K + $104,157K) ÷ $140,502K
= 2.12

The analysis of National Beverage Corp's quick ratio over the specified periods indicates a noteworthy fluctuation in liquidity position. As of April 29, 2023, and April 30, 2023, the quick ratio was measured at 1.82, demonstrating a healthy liquidity buffer whereby current quick assets were more than sufficient to cover current liabilities. This ratio remained unchanged on April 30, 2023, maintaining the same level of 1.82, which suggests stability in the company's short-term liquidity position during this period.

Moving forward to April 27, 2024, the quick ratio experienced a significant increase to 3.12, indicating a substantial improvement in liquidity. This elevated ratio reflects that the company had increased its quick assets relative to current liabilities, enhancing its capacity to meet short-term obligations without relying on inventory sales.

By April 30, 2024, the quick ratio persisted at 3.12, confirming that the heightened liquidity level was sustained over this period. This stability may signify effective management of liquid assets or a strategic focus on maintaining high liquidity.

However, by April 30, 2025, the quick ratio declined to 2.12. While still above the generally acceptable threshold of 1.0, this decrease suggests a reduction in the company's quick asset coverage relative to current liabilities. The decline could be indicative of increased current liabilities, a decrease in liquid assets, or both. Despite the reduction, the ratio remains relatively strong, implying that the company retains a prudent liquidity cushion to meet its short-term commitments.

Overall, the trend shows initial stability at 1.82, a marked strengthening to 3.12, followed by a modest decline to 2.12, but maintaining an overall healthy liquidity profile throughout the analyzed periods.


Peer comparison

Apr 30, 2025