Performance Food Group Co (PFGC)
Cash ratio
| Sep 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 42,500 | 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 | 420,700 | 372,100 | 12,700 | 16,000 |
| Short-term investments | US$ in thousands | — | — | — | — | 14,800 | — | — | — | 7,300 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,813,700 | 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 | 2,618,700 | 2,045,300 | 1,823,100 | 1,823,000 |
| Cash ratio | 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 | 0.16 | 0.18 | 0.01 | 0.01 |
September 30, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($42,500K
+ $—K)
÷ $3,813,700K
= 0.01
The cash ratio of Performance Food Group Co has shown fluctuation over the past few quarters. As of September 30, 2024, the cash ratio was 0.01, indicating that the company had $0.01 in cash for every $1 of current liabilities. This suggests that the company may have limited cash reserves to cover its short-term obligations.
The cash ratio was consistently low in recent quarters, hovering around 0.00 to 0.01, except for a significant increase to 0.20 in March 2021 and 0.18 in December 2020. These spikes in the cash ratio may indicate temporary increases in available cash relative to current liabilities during those periods.
Overall, the trend of low cash ratios suggests that Performance Food Group Co may have relatively lower cash balances compared to its current liabilities. This could pose liquidity challenges for the company in meeting its short-term financial obligations if cash flow becomes constrained. Investors and analysts may closely monitor the company's cash management strategies and liquidity position to ensure its financial stability.
Peer comparison
Sep 30, 2024