Flowers Foods Inc (FLO)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 5,005 | 22,527 | 165,134 | 185,871 | 307,476 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 548,603 | 659,152 | 564,425 | 519,917 | 504,105 |
| Quick ratio | 0.01 | 0.03 | 0.29 | 0.36 | 0.61 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($5,005K
+ $—K
+ $—K)
÷ $548,603K
= 0.01
The quick ratio of Flowers Foods Inc has shown a declining trend over the years, dropping from 0.61 on December 31, 2020, to 0.01 on December 31, 2024. This indicates a significant decrease in the company's ability to meet its short-term obligations with its most liquid assets. A quick ratio below 1 suggests that the company may have difficulty covering its current liabilities without relying on the sale of inventory. The declining trend in the quick ratio raises concerns about the company's liquidity position and its ability to handle short-term financial obligations effectively. Management should closely monitor this trend and take appropriate measures to improve liquidity levels to ensure the company's financial health and stability.
Peer comparison
Dec 31, 2024