Grocery Outlet Holding Corp (GO)
Quick ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 62,828 | 114,987 | 102,728 | 140,085 | 105,326 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 349,624 | 383,965 | 280,514 | 237,906 | 232,646 |
| Quick ratio | 0.18 | 0.30 | 0.37 | 0.59 | 0.45 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($62,828K
+ $—K
+ $—K)
÷ $349,624K
= 0.18
The quick ratio of Grocery Outlet Holding Corp has shown some fluctuations over the past five years. As of December 31, 2020, the quick ratio was 0.45, indicating that the company had $0.45 in liquid assets available to cover each $1 of current liabilities.
By December 31, 2021, the quick ratio had improved to 0.59, suggesting a better ability to meet short-term obligations with liquid assets. However, this improvement did not continue in the following years as the quick ratio dropped to 0.37 by December 31, 2022, and further decreased to 0.30 by December 31, 2023.
The most significant decline occurred by December 31, 2024, with a quick ratio of 0.18, indicating a potential liquidity challenge for the company in meeting its short-term liabilities with its current liquid assets. This trend highlights a potential concern regarding the company's ability to cover immediate financial obligations efficiently.
Peer comparison
Dec 31, 2024