Performance Food Group Co (PFGC)
Current ratio
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,153,300 | 6,071,500 | 6,022,000 | 3,580,400 | 3,453,900 |
| Total current liabilities | US$ in thousands | 3,758,100 | 3,553,100 | 3,633,000 | 2,527,200 | 2,618,700 |
| Current ratio | 1.64 | 1.71 | 1.66 | 1.42 | 1.32 |
June 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,153,300K ÷ $3,758,100K
= 1.64
Performance Food Group Co's current ratio has shown a generally improving trend over the past five years, increasing from 1.32 as of June 30, 2020, to 1.64 as of June 30, 2024. This indicates that the company's ability to cover its short-term liabilities with its current assets has strengthened over the period. The current ratio exceeded 1 in each year, suggesting that the company has more than enough current assets to meet its short-term obligations.
Although there was a slight dip in the ratio in June 2022 to 1.66 from the previous year's 1.71, overall, the company's liquidity position appears to be healthy. A current ratio above 1 is generally seen as a positive sign, as it demonstrates that the company has sufficient current assets to meet its short-term debt obligations. Therefore, Performance Food Group Co seems to be managing its liquidity well, maintaining a comfortable buffer to handle its short-term financial commitments.
Peer comparison
Jun 30, 2024