Grocery Outlet Holding Corp (GO)

Current 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
Total current assets US$ in thousands 516,551 514,489 440,292 427,207 467,357 468,577 429,034 461,132 442,745 430,405 401,990 364,651 381,957 344,663 334,833 373,094 270,826 277,991
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
Current ratio 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 1.30 1.35

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 shown fluctuations over the past few quarters. The current ratio measures the company's ability to cover its short-term liabilities with its short-term assets.

In the most recent quarter, as of December 31, 2023, the current ratio stands at 1.35, indicating that the company has $1.35 in current assets for every $1 in current liabilities. This suggests that Grocery Outlet may have a relatively lower liquidity position compared to previous quarters.

Looking at the trend over the past several reporting periods, the current ratio has generally been above 1, which implies that the company has had a comfortable buffer to meet its short-term obligations. However, it is important to note that there has been a decline in the current ratio from levels seen in earlier periods, such as March 31, 2022, where the ratio was as high as 1.90.

The decreasing trend in the current ratio could raise concerns about the company's ability to cover its short-term obligations if the trend continues. Further analysis and additional information about the composition of current assets and liabilities would be necessary to gain a more comprehensive understanding of Grocery Outlet's liquidity position and financial health.


Peer comparison

Dec 31, 2023

Company name
Symbol
Current ratio
Grocery Outlet Holding Corp
GO
1.35
Kroger Company
KR
0.81
Sprouts Farmers Market LLC
SFM
1.10