John B Sanfilippo & Son Inc (JBSS)

Cash ratio

Jun 30, 2024 Jun 30, 2023 Jun 30, 2022 Jun 30, 2021 Jun 30, 2020
Cash and cash equivalents US$ in thousands 484 1,948 415 672 1,535
Short-term investments US$ in thousands 16 17,105
Total current liabilities US$ in thousands 125,940 85,688 122,762 100,204 112,168
Cash ratio 0.00 0.02 0.00 0.01 0.17

June 30, 2024 calculation

Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($484K + $—K) ÷ $125,940K
= 0.00

The cash ratio of John B Sanfilippo & Son Inc has shown fluctuations over the past five years. The ratio was relatively low in Jun 30, 2024, at 0.00, indicating that the company had minimal cash and cash equivalents to cover its short-term liabilities. This might raise concerns about the company's liquidity position.

Comparing it to the previous years, the cash ratio was slightly higher in Jun 30, 2023, at 0.02, but still relatively low. In Jun 30, 2022 and Jun 30, 2020, the cash ratio was also low at 0.00, suggesting a consistent pattern of inadequate liquidity over these years. However, in Jun 30, 2021, the cash ratio improved to 0.01, signaling a slight increase in the company's ability to meet its short-term obligations with cash on hand.

Overall, the trend in the cash ratio indicates that John B Sanfilippo & Son Inc may have struggled with maintaining sufficient cash reserves to cover its immediate financial obligations in recent years. It is essential for the company to address its liquidity challenges to ensure financial stability and meet its short-term commitments effectively.


Peer comparison

Jun 30, 2024

Company name
Symbol
Cash ratio
John B Sanfilippo & Son Inc
JBSS
0.00
Hershey Co
HSY
0.13
Tootsie Roll Industries Inc
TR
1.81