John B Sanfilippo & Son Inc (JBSS)
Quick ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 484 | 1,948 | 415 | 672 | 1,535 |
| Short-term investments | US$ in thousands | — | — | — | 16 | 17,105 |
| Receivables | US$ in thousands | 84,960 | 72,734 | 69,611 | 66,334 | 56,953 |
| Total current liabilities | US$ in thousands | 125,940 | 85,688 | 122,762 | 100,204 | 112,168 |
| Quick ratio | 0.68 | 0.87 | 0.57 | 0.67 | 0.67 |
June 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($484K
+ $—K
+ $84,960K)
÷ $125,940K
= 0.68
The quick ratio of John B Sanfilippo & Son Inc has fluctuated over the past five years, ranging from 0.57 to 0.87. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets excluding inventory. A higher quick ratio indicates a stronger liquidity position, as it means the company has more liquid assets available to cover its current liabilities.
In 2023, the quick ratio was relatively high at 0.87, suggesting the company had a comfortable cushion of liquid assets to cover its short-term obligations. However, in 2022, the quick ratio dropped to 0.57, indicating a weaker liquidity position compared to the previous year.
The quick ratio improved slightly in 2024 to 0.68, but it remains below the 2023 level. This suggests that while there has been a slight improvement in liquidity, the company still may face challenges in meeting its short-term obligations with its existing liquid assets.
Overall, John B Sanfilippo & Son Inc's quick ratio has shown some variability over the years, with fluctuations indicating changes in the company's liquidity position. It is important for the company to closely monitor and manage its liquidity to ensure it can meet its financial obligations in a timely manner.
Peer comparison
Jun 30, 2024