Performance Food Group Co (PFGC)
Quick ratio
Jun 30, 2025 | Mar 31, 2025 | 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 | ||
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Cash | US$ in thousands | 78,500 | 10,200 | 10,700 | 42,500 | 20,000 | 16,500 | 16,400 | 7,800 | 12,700 | 8,200 | 6,100 | 10,600 | 11,600 | 13,700 | 9,600 | 35,100 | 11,100 | 101,500 | 416,700 | 417,200 |
Short-term investments | US$ in thousands | — | — | — | — | 8,200 | — | — | — | 14,800 | — | — | — | 7,300 | — | — | — | — | — | — | — |
Receivables | US$ in thousands | 2,929,200 | 2,818,700 | 2,691,900 | 2,524,800 | 2,550,500 | 2,439,200 | 2,361,300 | 2,400,800 | 2,441,000 | 2,283,900 | 2,241,800 | 2,308,400 | 2,341,400 | 2,243,300 | 2,105,300 | 2,238,000 | 1,629,600 | 1,432,800 | 1,237,400 | 1,448,200 |
Total current liabilities | US$ in thousands | 4,517,600 | 4,207,100 | 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 |
Quick ratio | 0.67 | 0.67 | 0.65 | 0.67 | 0.69 | 0.69 | 0.68 | 0.69 | 0.69 | 0.66 | 0.66 | 0.65 | 0.65 | 0.64 | 0.62 | 0.70 | 0.65 | 0.66 | 0.81 | 0.82 |
June 30, 2025 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($78,500K
+ $—K
+ $2,929,200K)
÷ $4,517,600K
= 0.67
The quick ratio of Performance Food Group Co has demonstrated relative stability over the analyzed period from September 30, 2020, through June 30, 2025. Initially, the ratio stood at 0.82 in September 2020, indicating that the company's liquid assets (excluding inventories) were sufficient to cover approximately 82% of its current liabilities. Over subsequent quarters, the ratio experienced a gradual decline, reaching a low of approximately 0.62 in December 2021, which suggests a decrease in liquid asset coverage relative to current liabilities during this period.
From early 2022 onward, the quick ratio maintained a narrow range between approximately 0.64 and 0.69, reflecting a relatively stable liquidity position. Notably, the ratio hovered around 0.65 in late 2022 and early 2023, increasing slightly to 0.69 by June 2023, before stabilizing around 0.67 to 0.69 throughout the rest of the analyzed period. This consistency indicates that the company's ability to meet short-term obligations solely through its most liquid assets has been maintained within a modestly conservative range.
Overall, the trend reflects a slight decline from the initial high but stabilizes at a level indicative of a liquidity position that is somewhat below unity. This suggests that Performance Food Group Co regularly maintains liquid assets slightly less than its current liabilities, which is typical for companies with efficient inventory management or a stable pattern of short-term liabilities. The minor fluctuations over time imply prudent liquidity management, with no significant deterioration or improvement in the company's short-term liquidity position throughout the period analyzed.
Peer comparison
Jun 30, 2025