Grocery Outlet Holding Corp (GO)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 114,987 | 102,728 | 140,085 | 105,326 | 28,101 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 19,128 | 15,173 | 10,378 | 11,393 | 9,852 |
| Total current liabilities | US$ in thousands | 383,965 | 280,514 | 237,906 | 232,646 | 208,627 |
| Quick ratio | 0.35 | 0.42 | 0.63 | 0.50 | 0.18 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($114,987K
+ $—K
+ $19,128K)
÷ $383,965K
= 0.35
The quick ratio of Grocery Outlet Holding Corp has shown fluctuations over the past five years. The ratio declined from 0.18 in 2019, reaching a low point for the period, before increasing to 0.50 in 2020. Subsequently, there was a further improvement to 0.63 in 2021, reflecting a stronger ability to cover short-term liabilities with liquid assets. However, there was a notable decrease in the quick ratio to 0.42 in 2022, indicating potentially lower liquidity levels compared to the previous year. This trend continued in 2023, with the quick ratio falling to 0.35, suggesting a potential decrease in the company's ability to quickly meet its short-term obligations using its most liquid assets. Overall, the fluctuation in the quick ratio of Grocery Outlet Holding Corp over the analyzed period implies varying levels of liquidity and the need for further examination of its current financial position and management of short-term obligations.
Peer comparison
Dec 31, 2023