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