Grocery Outlet Holding Corp (GO)
Cash ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 114,987 | 155,663 | 87,570 | 82,115 | 102,728 | 107,277 | 84,260 | 137,996 | 140,085 | 155,976 | 126,623 | 95,292 | 105,326 | 59,082 | 79,803 | 160,936 | 28,101 | 44,020 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 383,965 | 383,713 | 321,007 | 300,939 | 280,514 | 287,448 | 260,432 | 242,242 | 237,906 | 228,461 | 213,893 | 197,054 | 232,646 | 195,978 | 207,908 | 192,490 | 208,627 | 206,231 |
| Cash ratio | 0.30 | 0.41 | 0.27 | 0.27 | 0.37 | 0.37 | 0.32 | 0.57 | 0.59 | 0.68 | 0.59 | 0.48 | 0.45 | 0.30 | 0.38 | 0.84 | 0.13 | 0.21 |
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, which measures a company's ability to cover its short-term liabilities with its cash and cash equivalents, for Grocery Outlet Holding Corp has shown some variability over the past few quarters.
The cash ratio fluctuated between 0.13 and 0.84 over the period from September 2019 to December 2023. In the recent quarters, the cash ratio has been relatively low, ranging from 0.27 to 0.41, indicating that Grocery Outlet may have a lower ability to cover its short-term liabilities with its available cash.
Despite the fluctuations, it is important to note that the cash ratio should be analyzed in conjunction with other liquidity ratios to provide a more comprehensive view of the company's liquidity position. It would be beneficial to continue monitoring Grocery Outlet's cash ratio trend in the upcoming quarters to understand if the current levels are reflective of a longer-term liquidity issue or simply short-term fluctuations.
Peer comparison
Dec 31, 2023