Performance Food Group Co (PFGC)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 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 | 420,700 | 372,100 | 12,700 | 16,000 | 14,700 |
| Short-term investments | US$ in thousands | — | — | — | 14,800 | — | — | — | 7,300 | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 2,439,200 | 2,361,300 | 2,400,800 | 2,441,000 | — | 2,241,800 | — | 2,341,400 | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.69 | 0.68 | 0.69 | 0.69 | 0.00 | 0.66 | 0.00 | 0.65 | 0.00 | 0.00 | 0.01 | 0.00 | 0.04 | 0.20 | 0.18 | 0.16 | 0.18 | 0.01 | 0.01 | 0.01 |
March 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($16,500K
+ $—K
+ $2,439,200K)
÷ $3,540,500K
= 0.69
The quick ratio of Performance Food Group Co, a measure of its short-term liquidity, has shown some fluctuations over the period. The quick ratio, also known as the acid-test ratio, indicates the company's ability to cover its short-term obligations with its most liquid assets. A quick ratio below 1.0 may indicate potential liquidity issues.
In the most recent quarter ending March 31, 2024, the quick ratio stood at 0.69, showing a slight improvement compared to the previous quarter's 0.68. This suggests that the company has increased its ability to cover its current liabilities using its quick assets.
Looking back at the historical trend, there were fluctuations in the quick ratio values in the recent quarters, with some quarters showing values significantly below 1.0, such as the quarter ending March 31, 2023, which had a quick ratio of 0.00. This could raise concerns about the company's short-term liquidity position during that period.
Overall, the trend in the quick ratio indicates that Performance Food Group Co has been managing its short-term liquidity adequately in recent quarters, with some fluctuations observed. However, further analysis of the company's financial statements and operations is necessary to fully assess its liquidity position and its ability to meet short-term obligations efficiently.
Peer comparison
Mar 31, 2024