John B Sanfilippo & Son Inc (JBSS)
Cash ratio
| 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 23, 2021 | Sep 23, 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 and cash equivalents | US$ in thousands | 484 | 377 | 1,975 | 838 | 1,948 | 365 | 620 | 298 | 415 | 667 | 1,027 | 539 | 672 | 1,043 | 1,763 | 743 | 1,535 | 993 | 1,393 | 887 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | 16 | 16 | 17 | 17 | 17 | 17,105 | — | — | — |
| Total current liabilities | US$ in thousands | 125,940 | 120,390 | 128,291 | 89,301 | 85,688 | 102,758 | 104,062 | 126,170 | 122,762 | 145,815 | 130,826 | 123,834 | 100,204 | 106,672 | 97,988 | 117,635 | 112,168 | 135,209 | 117,736 | 104,407 |
| Cash ratio | 0.00 | 0.00 | 0.02 | 0.01 | 0.02 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 | 0.02 | 0.01 | 0.17 | 0.01 | 0.01 | 0.01 |
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 fluctuating trends over the past several quarters. The ratio measures the company's ability to cover its current liabilities with cash and cash equivalents.
The cash ratio has been consistently low, with most values hovering around 0.00 to 0.02. This indicates that the company may have limited cash reserves relative to its current liabilities.
However, there was a notable increase in the cash ratio in the most recent quarter, reaching 0.17. This suggests an improvement in the company's ability to meet its short-term obligations with cash on hand.
It is important to note that a low cash ratio may indicate that the company relies more on other sources of liquidity, such as short-term investments or credit lines, to meet its obligations.
Overall, while the recent increase in the cash ratio is a positive sign, further monitoring of the company's liquidity position is recommended to ensure it can meet its short-term financial obligations effectively.
Peer comparison
Jun 30, 2024