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