Performance Food Group Co (PFGC)
Cash ratio
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 14,700 |
| Short-term investments | US$ in thousands | — | — | — | 14,800 | — | — | — | 7,300 | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 1,699,300 |
| Cash ratio | 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 | 0.01 |
March 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($16,500K
+ $—K)
÷ $3,540,500K
= 0.00
The cash ratio of Performance Food Group Co has displayed fluctuations over the past few quarters. The cash ratio measures the company's ability to cover its short-term liabilities with the cash and cash equivalents on hand. A cash ratio of 0.00 indicates that the company did not have sufficient cash to cover its current liabilities in those particular quarters.
However, the cash ratio improved in some quarters, such as in March 2021 and December 2020, where it reached 0.04 and 0.20 respectively. This indicates that the company had a relatively higher level of cash on hand to cover its short-term obligations during those periods.
Overall, the data suggests that Performance Food Group Co may have faced challenges in maintaining sufficient cash reserves to cover its short-term liabilities in some quarters. It is essential for the company to closely monitor its cash position and liquidity management to ensure it can meet its financial obligations when they fall due.
Peer comparison
Mar 31, 2024