Grocery Outlet Holding Corp (GO)
Cash ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 114,987 | 102,728 | 140,085 | 105,326 | 28,101 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 383,965 | 280,514 | 237,906 | 232,646 | 208,627 |
| Cash ratio | 0.30 | 0.37 | 0.59 | 0.45 | 0.13 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($114,987K
+ $—K)
÷ $383,965K
= 0.30
The cash ratio of Grocery Outlet Holding Corp has fluctuated over the past five years. The cash ratio measures the company's ability to cover its current liabilities with its cash and cash equivalents.
In 2023, the cash ratio decreased to 0.30, indicating that the company had $0.30 of cash and cash equivalents for every $1 of current liabilities. This signifies a decrease in liquidity compared to the previous year.
In 2022, the cash ratio was 0.37, showing a slight improvement in liquidity compared to 2023. The company had $0.37 of cash and cash equivalents for every $1 of current liabilities.
In 2021, the cash ratio increased significantly to 0.59, indicating a strong liquidity position for the company. This suggests that Grocery Outlet Holding Corp had $0.59 of cash and cash equivalents for every $1 of current liabilities.
In 2020, the cash ratio decreased to 0.45, which is still a relatively healthy level of liquidity, although lower than the previous year.
In 2019, the cash ratio was the lowest at 0.13, indicating the company had $0.13 of cash and cash equivalents for every $1 of current liabilities. This suggests a lower level of liquidity compared to the other years analyzed.
Overall, the trend in Grocery Outlet Holding Corp's cash ratio reflects fluctuations in the company's liquidity position over the years, with a notable improvement in 2021 and a slight decline in 2023. It is important for investors and stakeholders to monitor these ratios to assess the company's ability to meet its short-term obligations.
Peer comparison
Dec 31, 2023