John B Sanfilippo & Son Inc (JBSS)
Quick ratio
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 585 | 484 | 1,948 | 415 | 672 |
| Short-term investments | US$ in thousands | — | — | — | — | 16 |
| Receivables | US$ in thousands | 76,656 | 84,960 | 72,734 | 69,611 | 66,408 |
| Total current liabilities | US$ in thousands | 156,046 | 125,940 | 85,688 | 122,762 | 100,204 |
| Quick ratio | 0.49 | 0.68 | 0.87 | 0.57 | 0.67 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($585K
+ $—K
+ $76,656K)
÷ $156,046K
= 0.49
The quick ratio of John B Sanfilippo & Son Inc. over the period from June 30, 2021, to June 30, 2025, demonstrates notable fluctuations, reflecting evolving liquidity management and short-term financial resilience.
In the fiscal year ending June 30, 2021, the quick ratio stood at 0.67, indicating that the company's most liquid assets, excluding inventories, were sufficient to cover approximately 67% of its current liabilities. This figure suggests a moderate liquidity position, with some reliance on inventory or other less liquid assets to meet short-term obligations.
By June 30, 2022, the quick ratio decreased to 0.57, signaling a decline in liquidity. This reduction may have pointed towards a dip in liquid assets relative to current liabilities, or an increase in short-term obligations, which could challenge the company's ability to meet immediate liabilities without relying on inventory sales.
In the subsequent year ending June 30, 2023, the quick ratio experienced a significant improvement to 0.87. This upward movement suggests an enhancement in the company's liquidity profile, with a greater proportion of liquid assets available to settle current liabilities. The increase might be attributable to improved cash positions, reduction in current liabilities, or efficient management of receivables and liquid assets.
However, the ratio declined again to 0.68 by June 30, 2024, indicating a slight deterioration in liquidity, though remaining above the 0.5 threshold, which generally signals adequacy in liquidity coverage but warrants ongoing monitoring.
By June 30, 2025, the quick ratio further decreased to 0.49, falling below the generally accepted benchmark of 0.5, which may raise concerns about the company's short-term liquidity cushion. This decline implies that the liquid assets available are less than half of its current liabilities, potentially indicating increased liquidity risk or a strategic shift in asset composition.
Overall, the company's quick ratio has experienced variability over the analyzed period, with periods of strengthening liquidity followed by declines. While there was a substantial improvement in 2023, the downward trend in 2024 and 2025 could suggest a need for careful liquidity management to ensure the company can comfortably meet its short-term financial commitments.
Peer comparison
Jun 30, 2025