Flowers Foods Inc (FLO)

Cash ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Oct 7, 2023	Sep 30, 2023	Jul 15, 2023	Jun 30, 2023	Apr 22, 2023	Mar 31, 2023	Dec 31, 2022	Oct 8, 2022	Sep 30, 2022	Jun 30, 2022	Apr 23, 2022	Mar 31, 2022	Dec 31, 2021	Oct 9, 2021	Sep 30, 2021
Cash and cash equivalents	US$ in thousands	5,005	14,975	6,866	15,818	22,527	14,561	14,561	11,711	11,711	27,720	27,720	165,134	172,744	172,744	162,511	205,147	205,147	185,871	307,523	307,523
Short-term investments	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total current liabilities	US$ in thousands	548,603	569,061	589,497	622,394	659,152	669,859	669,859	555,457	555,457	542,119	542,119	564,425	594,531	594,531	570,161	538,024	538,024	519,917	536,591	536,591
Cash ratio		0.01	0.03	0.01	0.03	0.03	0.02	0.02	0.02	0.02	0.05	0.05	0.29	0.29	0.29	0.29	0.38	0.38	0.36	0.57	0.57

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 been fluctuating over the past few years, indicating the company's ability to cover its short-term liabilities with its available cash and cash equivalents. From September 30, 2021, to October 9, 2021, the cash ratio remained stable at 0.57. However, there was a significant decrease to 0.36 by December 31, 2021. This decline continued until March 31, 2022, and remained relatively constant at 0.38 until April 23, 2022.

Subsequently, from June 30, 2022, to October 8, 2022, the cash ratio decreased notably to 0.29 and remained at this level until December 31, 2022. However, a significant drop occurred by March 31, 2023, with the cash ratio falling to 0.05 and remaining at this low level until October 7, 2023. This indicates potential liquidity challenges for the company during this period.

There was a slight increase in the cash ratio by December 31, 2023, to 0.03 and remained at this level until September 30, 2024. Despite the small increase, the cash ratio decreased again to 0.01 by June 30, 2024, suggesting a potential strain on the company's ability to cover its short-term liabilities with available cash and cash equivalents.

Overall, the cash ratio trend of Flowers Foods Inc shows fluctuations, with periods of stability followed by significant declines and minimal increases. This suggests the need for the company to closely monitor its cash management strategies to ensure adequate liquidity to meet its short-term obligations.