Performance Food Group Co (PFGC)
Cash ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 10,700 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 14,800 | — | — | — | 7,300 | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 4,127,400 | 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 |
| Cash ratio | 0.00 | 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 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($10,700K
+ $—K)
÷ $4,127,400K
= 0.00
Performance Food Group Co's cash ratio has exhibited fluctuations over the periods provided. The cash ratio, which measures the company's ability to cover its short-term liabilities with its cash and cash equivalents, started at a low point of 0.01 on December 31, 2019, indicating a limited capacity to meet immediate obligations.
The ratio improved significantly by March 31, 2020, reaching 0.18, signaling a healthier position in terms of liquidity. However, this level decreased slightly to 0.16 by June 30, 2020, and then increased to 0.18 by September 30, 2020.
Subsequently, the cash ratio continued to rise, reaching its peak at 0.20 on December 31, 2020, showcasing a strengthened ability to pay off short-term debts. However, the ratio declined notably by March 31, 2021, dropping to 0.04, indicating a decrease in liquidity levels.
The ratio saw a sharp decrease to 0.00 by June 30, 2021, implying a minimal capacity to cover short-term liabilities with available cash. This low level was sustained through September 30, 2021, and December 31, 2021.
From March 31, 2022, to September 30, 2024, the cash ratio remained at a low level of 0.00, suggesting limited cash resources relative to short-term obligations. However, there was a slight increase to 0.01 on June 30, 2022, and September 30, 2024.
Overall, the fluctuating cash ratio of Performance Food Group Co indicates varying levels of liquidity and highlights the importance of monitoring the company's ability to meet its short-term financial obligations with available cash reserves.
Peer comparison
Dec 31, 2024