Grocery Outlet Holding Corp (GO)

Quick ratio

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Cash US$ in thousands 62,828 68,653 67,065 66,885 114,987 155,663 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
Short-term investments US$ in thousands
Receivables US$ in thousands
Total current liabilities US$ in thousands 349,624 352,284 368,679 382,060 383,965 383,713 321,007 300,939 280,514 287,448 260,432 242,242 237,906 228,461 213,893 197,054 232,646 195,978 207,908 192,490
Quick ratio 0.18 0.19 0.18 0.18 0.30 0.41 0.27 0.27 0.37 0.37 0.32 0.57 0.59 0.68 0.59 0.48 0.45 0.30 0.38 0.84

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 fluctuations over the reporting periods. The quick ratio measures the company's ability to meet short-term obligations with its most liquid assets.

The quick ratio decreased from 0.84 as of March 31, 2020, to 0.38 as of June 30, 2020, indicating a decline in the company's ability to cover its current liabilities with its quick assets. The ratio further declined to 0.30 as of September 30, 2020, suggesting potential liquidity challenges.

Subsequently, there was an improvement in the quick ratio, reaching 0.59 as of December 31, 2021, and March 31, 2022. This improvement indicates better short-term liquidity position for the company during those periods.

However, the quick ratio decreased to 0.32 as of June 30, 2022, before increasing to 0.41 as of September 30, 2023. The ratio then decreased again to 0.18 as of December 31, 2024, indicating a potential decline in the company's ability to cover its short-term obligations with its quick assets.

Overall, fluctuations in Grocery Outlet Holding Corp's quick ratio reflect changes in the company's liquidity position over time, highlighting the importance of monitoring its ability to meet short-term financial obligations.


Peer comparison

Dec 31, 2024

Company name
Symbol
Quick ratio
Grocery Outlet Holding Corp
GO
0.18
Kroger Company
KR
0.10
Sprouts Farmers Market LLC
SFM
0.39