Grocery Outlet Holding Corp (GO)

Quick 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
Cash US$ in thousands 114,987 155,663 87,570 82,115 102,728 107,277 84,260 137,996 140,085 155,976 126,623 95,292 105,326 59,082 79,803 160,936 28,101 44,020
Short-term investments US$ in thousands
Receivables US$ in thousands 19,128 23,145 14,448 15,173 10,378
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
Quick ratio 0.35 0.47 0.32 0.27 0.42 0.37 0.32 0.57 0.63 0.68 0.59 0.48 0.45 0.30 0.38 0.84 0.13 0.21

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 few quarters, ranging from as low as 0.13 to as high as 0.84. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term obligations with its most liquid assets.

The trend indicates that the company's ability to cover its current liabilities with its quick assets has been fluctuating. The most recent quick ratio of 0.35 as of December 31, 2023, suggests that the company may potentially face challenges in meeting its short-term obligations.

It is important for investors and creditors to monitor Grocery Outlet's quick ratio closely to assess its liquidity position and ability to manage short-term financial obligations effectively.


Peer comparison

Dec 31, 2023

Company name
Symbol
Quick ratio
Grocery Outlet Holding Corp
GO
0.35
Kroger Company
KR
0.25
Sprouts Farmers Market LLC
SFM
0.42