National Beverage Corp (FIZZ)
Quick ratio
| 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 | US$ in thousands | 327,047 | 276,961 | 247,679 | 222,769 | 158,074 | 118,324 | 92,626 | 56,061 | 48,050 | 40,372 | 273,037 | 245,535 | 193,589 | 153,306 | 405,444 | 352,519 | 304,518 | 261,660 | 233,867 | 202,668 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 102,837 | 101,731 | 100,223 | 107,680 | 104,918 | 97,104 | 100,445 | 100,273 | 93,592 | 82,172 | 88,241 | 98,616 | 86,442 | 75,669 | 82,861 | — | 84,921 | 72,523 | 72,619 | 84,803 |
| Total current liabilities | US$ in thousands | 137,927 | 133,097 | 142,550 | 156,831 | 144,321 | 125,522 | 147,702 | 132,064 | 145,319 | 119,480 | 139,758 | 153,346 | 147,194 | 130,617 | 139,994 | 149,665 | 141,688 | 109,164 | 108,146 | 117,429 |
| 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 |
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 several quarters. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets. A higher quick ratio indicates better short-term liquidity and financial health.
Looking at the trend in the quick ratio for National Beverage Corp, we can observe that it has generally been above 1, indicating that the company has had more than enough liquid assets to cover its current liabilities.
The quick ratio has varied between 0.97 and 3.49 over the periods provided. A ratio above 1 reflects a positive sign, while a ratio below 1 may indicate potential liquidity issues.
It's notable that the quick ratio has experienced some peaks and troughs, with the highest ratio of 3.49 observed in October 2020 and the lowest ratio of 0.97 in April 2022. This indicates potential fluctuations in the company's ability to quickly cover its short-term obligations with its liquid assets over time.
Overall, while the quick ratio of National Beverage Corp has varied, it generally suggests that the company has maintained a healthy level of liquidity to meet its short-term financial obligations in most periods. However, closer examination may be needed to understand the specific factors driving the fluctuations in the quick ratio.
Peer comparison
Apr 27, 2024