Performance Food Group Co (PFGC)
Current ratio
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 6,469,700 | 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 |
| Total current liabilities | US$ in thousands | 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 | 1,823,000 |
| Current ratio | 1.70 | 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 |
September 30, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $6,469,700K ÷ $3,813,700K
= 1.70
Performance Food Group Co's current ratio has displayed some fluctuations over the past several quarters, ranging from a low of 1.32 to a high of 2.07. The current ratio measures the company's ability to meet its short-term obligations with its current assets, with a higher ratio indicating a stronger liquidity position.
In recent quarters, the current ratio has generally been above 1.5, suggesting that Performance Food Group Co has been able to cover its short-term liabilities comfortably. The ratio peaked at 2.07 in the first quarter of 2020, indicating a particularly strong liquidity position at that time.
However, it is worth noting that the current ratio dipped to 1.32 in the third quarter of 2019, which could have indicated some liquidity challenges or a potential strain on the company's ability to meet short-term obligations with its current assets during that period.
Overall, while the current ratio has shown some variability, it generally indicates that Performance Food Group Co has maintained a relatively healthy liquidity position over the quarters analyzed. Further analysis in conjunction with other financial metrics would provide a more comprehensive assessment of the company's financial health.
Peer comparison
Sep 30, 2024