Grocery Outlet Holding Corp (GO)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 503,898 | 513,972 | 475,268 | 478,400 | 516,551 | 514,489 | 440,292 | 427,207 | 467,357 | 468,577 | 429,034 | 461,132 | 442,745 | 430,405 | 401,990 | 364,651 | 381,957 | 344,663 | 334,833 | 373,094 |
| Total current liabilities | US$ in thousands | 349,624 | 352,284 | 368,679 | 382,060 | 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 |
| Current ratio | 1.44 | 1.46 | 1.29 | 1.25 | 1.35 | 1.34 | 1.37 | 1.42 | 1.67 | 1.63 | 1.65 | 1.90 | 1.86 | 1.88 | 1.88 | 1.85 | 1.64 | 1.76 | 1.61 | 1.94 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $503,898K ÷ $349,624K
= 1.44
The current ratio of Grocery Outlet Holding Corp has displayed some fluctuations over the past few years. The ratio, which measures the company's ability to cover its short-term liabilities with its short-term assets, stood at 1.94 as of March 31, 2020, indicating a strong liquidity position. This was followed by a decrease to 1.61 as of June 30, 2020, which may suggest a potential strain on short-term liquidity.
Subsequently, the current ratio improved to 1.76 as of September 30, 2020, before declining to 1.64 as of December 31, 2020. The ratio then showed an improvement, reaching 1.85 as of March 31, 2021, and further increasing to 1.88 as of June 30, 2021, and maintaining this level through September 30, 2021 and December 31, 2021.
As of March 31, 2022, the current ratio rose slightly to 1.90 before seeing a decline to 1.65 as of June 30, 2022. This downward trend continued with ratios of 1.63 as of September 30, 2022, and 1.67 as of December 31, 2022. The ratio further decreased to 1.42 as of March 31, 2023, and continued to decline to 1.29 as of June 30, 2024.
Overall, the current ratio of Grocery Outlet Holding Corp has shown some variability, with periods of improvement followed by declines. It is important for the company to closely monitor its liquidity position and ensure that it maintains a healthy balance between short-term assets and liabilities to meet its financial obligations effectively.
Peer comparison
Dec 31, 2024