Grocery Outlet Holding Corp (GO)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 516,551 | 467,357 | 442,745 | 381,957 | 270,826 |
| Total current liabilities | US$ in thousands | 383,965 | 280,514 | 237,906 | 232,646 | 208,627 |
| Current ratio | 1.35 | 1.67 | 1.86 | 1.64 | 1.30 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $516,551K ÷ $383,965K
= 1.35
The current ratio of Grocery Outlet Holding Corp has exhibited fluctuations over the past five years, ranging from 1.30 to 1.86. The ratio peaked in 2021 at 1.86, indicating a stronger ability to meet short-term obligations with current assets. However, it decreased in 2022 and 2023 to 1.67 and 1.35, respectively.
A current ratio above 1.0 suggests that the company has more current assets than current liabilities, providing a buffer to cover its short-term debts. Despite some variability, the company generally maintained a current ratio above 1.0, indicating a relatively healthy liquidity position over the years analyzed. However, the decreasing trend since 2021 may warrant further investigation into the company's short-term liquidity management and potential concerns about its ability to meet obligations.
Peer comparison
Dec 31, 2023