Performance Food Group Co (PFGC)
Current ratio
| Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,071,500 | 6,022,000 | 3,580,400 | 3,453,900 | 2,670,600 |
| Total current liabilities | US$ in thousands | 3,553,100 | 3,633,000 | 2,527,200 | 2,618,700 | 1,699,300 |
| Current ratio | 1.71 | 1.66 | 1.42 | 1.32 | 1.57 |
June 30, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,071,500K ÷ $3,553,100K
= 1.71
The current ratio of Performance Food Group Co has shown a generally increasing trend over the past five years, indicating an improvement in the company's short-term liquidity position. As of June 30, 2023, the current ratio stands at 1.71, which means that the company's current assets are 1.71 times greater than its current liabilities. This suggests that Performance Food Group Co is in a strong position to meet its short-term obligations using its current assets.
Comparing this to the previous years, we observe a gradual increase in the current ratio from 1.42 in 2021 to 1.71 in 2023. This indicates that the company has been progressively enhancing its short-term liquidity position, potentially through better management of current assets and liabilities.
Overall, a current ratio above 1 suggests that Performance Food Group Co has more than enough short-term assets to cover its short-term liabilities, which is a positive indicator of the company's financial health and ability to meet its near-term financial obligations.
Peer comparison
Jun 30, 2023