Performance Food Group Co (PFGC)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,822,800 | 5,956,300 | 6,172,100 | 6,071,500 | 5,833,000 | 5,807,800 | 5,867,700 | 6,022,000 | 5,568,400 | 5,511,000 | 5,348,800 | 3,580,400 | 3,179,100 | 3,221,200 | 3,468,900 | 3,453,900 | 3,585,900 | 3,732,600 | 3,769,700 | 2,670,600 |
| 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 |
| Current ratio | 1.64 | 1.71 | 1.77 | 1.71 | 1.69 | 1.71 | 1.64 | 1.66 | 1.59 | 1.62 | 1.64 | 1.42 | 1.38 | 1.58 | 1.52 | 1.32 | 1.75 | 2.05 | 2.07 | 1.57 |
March 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,822,800K ÷ $3,540,500K
= 1.64
Performance Food Group Co's current ratio has shown some fluctuations over the past few quarters, ranging from 1.32 to 2.07. The current ratio indicates the company's ability to meet its short-term obligations with its current assets.
The current ratio was highest at 2.07 in December 2019, indicating that the company had more than double the current assets compared to its current liabilities. This could suggest strong liquidity and the ability to easily cover short-term debts.
In contrast, the current ratio was at its lowest at 1.32 in June 2020, which may raise concerns about the company's short-term liquidity position. However, it has generally been within a reasonable range between 1.5 and 1.8, indicating a generally healthy liquidity position over the analyzed period.
Overall, while there have been fluctuations, the current ratio for Performance Food Group Co has generally remained at levels that suggest the company has a solid ability to meet its short-term obligations with its current assets.
Peer comparison
Mar 31, 2024