National Beverage Corp (FIZZ)
Quick ratio
| Apr 27, 2024 | Apr 29, 2023 | Apr 30, 2022 | May 1, 2021 | May 2, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 327,047 | 158,074 | 48,050 | 193,589 | 304,518 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 102,837 | 104,918 | 93,592 | 86,442 | 84,921 |
| Total current liabilities | US$ in thousands | 137,927 | 144,321 | 145,319 | 147,194 | 141,688 |
| Quick ratio | 3.12 | 1.82 | 0.97 | 1.90 | 2.75 |
April 27, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($327,047K
+ $—K
+ $102,837K)
÷ $137,927K
= 3.12
The quick ratio of National Beverage Corp has shown fluctuations over the past five years. The quick ratio indicates the company's ability to cover its short-term liabilities with its most liquid assets.
In April 2024, the quick ratio improved significantly to 3.12, indicating a strong ability to meet short-term obligations using its liquid assets. This may suggest effective management of current assets and liabilities to ensure liquidity.
In April 2023, the quick ratio was 1.82, showing a moderate ability to cover short-term obligations. While lower than the previous year, it still indicated a satisfactory level of liquidity.
In April 2022, the quick ratio was 0.97, indicating a potential liquidity issue as the company may struggle to cover its short-term liabilities with its current liquid assets. This could raise concerns about the company's financial stability and ability to meet its short-term obligations.
In May 2021, the quick ratio improved to 1.90, signifying a better ability to meet short-term obligations compared to the previous year. This improvement could indicate a more efficient management of current assets and liabilities.
In May 2020, the quick ratio was 2.75, indicating a strong ability to cover short-term liabilities with liquid assets. This could imply a healthy financial position and good liquidity management.
Overall, while there have been fluctuations in National Beverage Corp's quick ratio over the years, the company has shown varying levels of liquidity. Investors and stakeholders may want to monitor this ratio closely to assess the company's short-term financial health and liquidity position.
Peer comparison
Apr 27, 2024