Performance Food Group Co (PFGC)
Cash ratio
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 78,500 | 10,200 | 10,700 | 42,500 | 20,000 | 16,500 | 16,400 | 7,800 | 12,700 | 8,200 | 6,100 | 10,600 | 11,600 | 13,700 | 9,600 | 35,100 | 11,100 | 101,500 | 416,700 | 417,200 |
| Short-term investments | US$ in thousands | — | — | — | — | 8,200 | — | — | — | 14,800 | — | — | — | 7,300 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,517,600 | 4,207,100 | 4,127,400 | 3,813,700 | 3,758,100 | 3,540,500 | 3,487,700 | 3,479,400 | 3,553,100 | 3,456,900 | 3,396,000 | 3,573,400 | 3,633,000 | 3,503,900 | 3,393,500 | 3,261,300 | 2,527,200 | 2,312,000 | 2,039,500 | 2,287,900 |
| Cash ratio | 0.02 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.01 | 0.00 | 0.04 | 0.20 | 0.18 |
June 30, 2025 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($78,500K
+ $—K)
÷ $4,517,600K
= 0.02
The cash ratio of Performance Food Group Co exhibits considerable fluctuation over the specified period, reflecting changes in the company's liquidity position. At the outset, as of September 30, 2020, the cash ratio stood at 0.18, indicating that in that quarter, the company's cash and cash equivalents covered approximately 18% of its current liabilities. This ratio increased slightly to 0.20 by December 31, 2020, suggesting a marginal improvement in liquidity during that period.
However, a significant decline occurred by March 31, 2021, when the cash ratio sharply dropped to 0.04, and it effectively reached zero by June 30, 2021. This downward trend continued through the subsequent quarters, with the cash ratio remaining near or at zero for much of 2021 and 2022, indicating that cash and cash equivalents were insufficient to meet current liabilities fully, thus demonstrating a very low liquidity buffer.
Periodically, small incremental increases are observed, such as 0.01 in September 2021, December 2022, June 2023, and September 2023, but these values remain minimal. Notably, in the first quarter of 2024, the ratio persisted at 0.00, signaling continued constrained cash liquidity. Conversely, in the first quarter of 2025, the ratio reached 0.02, and by June 30, 2025, it further increased to 0.02, indicating a slight improvement in cash coverage relative to current liabilities, though still remaining relatively low overall.
Overall, the trend suggests that Performance Food Group Co has maintained a consistently low cash ratio over the analyzed period. This pattern implies that the company predominantly relies on other current assets besides cash or funding sources such as receivables and inventories to meet its short-term obligations. The persistently low cash ratio raises considerations regarding the company's liquidity management and potential dependence on operational cash flow or external financing for meeting short-term liabilities.
Peer comparison
Jun 30, 2025