Flowers Foods Inc (FLO)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 5,005 | 22,527 | 165,134 | 185,871 | 307,476 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 548,603 | 659,152 | 564,425 | 519,917 | 504,105 |
| Cash ratio | 0.01 | 0.03 | 0.29 | 0.36 | 0.61 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($5,005K
+ $—K)
÷ $548,603K
= 0.01
The cash ratio of Flowers Foods Inc has shown a decreasing trend over the last five years, starting at 0.61 in December 31, 2020, and decreasing to 0.01 by December 31, 2024. This indicates that the company's ability to cover its short-term liabilities with cash and cash equivalents has declined significantly over this period. A cash ratio below 1 may suggest that the company may have difficulty meeting its short-term obligations solely from its cash reserves. Management should closely monitor this trend and consider strategies to improve liquidity and cash management to ensure the company's financial stability and ability to meet its financial obligations in a timely manner.
Peer comparison
Dec 31, 2024