Performance Food Group Co (PFGC)
Current ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,885,700 | 6,469,700 | 6,153,300 | 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 |
| Total current liabilities | US$ in thousands | 4,127,400 | 3,813,700 | 3,758,100 | 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 |
| Current ratio | 1.67 | 1.70 | 1.64 | 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 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,885,700K ÷ $4,127,400K
= 1.67
Performance Food Group Co's current ratio has experienced fluctuations over the past five years, ranging from a high of 2.05 in December 2019 to a low of 1.32 in June 2020. The current ratio measures the company's ability to cover its short-term liabilities with its current assets. A current ratio above 1 indicates that the company has more current assets than current liabilities, which is generally considered favorable.
Although the current ratio declined in mid-2020, it has generally remained above 1 since then, indicating a healthy liquidity position. However, the ratio has not consistently improved and has shown some variability, suggesting fluctuations in the company's current asset and liability composition.
As of December 31, 2024, the current ratio stood at 1.67, indicating that Performance Food Group Co had $1.67 in current assets to cover every $1 of current liabilities. While the current ratio is above 1, suggesting that the company is able to meet its short-term obligations, it is essential to monitor the ratio over time to assess the company's liquidity and financial health effectively.
Peer comparison
Dec 31, 2024