Performance Food Group Co (PFGC)
Quick 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash | US$ in thousands | 42,500 | 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 |
Short-term investments | US$ in thousands | — | — | — | — | 14,800 | — | — | — | 7,300 | — | — | — | — | — | — | — | — | — | — | — |
Receivables | US$ in thousands | 2,524,800 | 2,439,200 | 2,361,300 | 2,400,800 | 2,441,000 | — | 2,241,800 | — | 2,341,400 | — | — | — | — | — | — | — | — | — | — | — |
Total current liabilities | US$ in thousands | 3,813,700 | 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 |
Quick ratio | 0.67 | 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 |
September 30, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($42,500K
+ $—K
+ $2,524,800K)
÷ $3,813,700K
= 0.67
The quick ratio of Performance Food Group Co has exhibited some fluctuations over the past several quarters.
In the most recent period, as of September 30, 2024, the quick ratio stood at 0.67, indicating that the company had $0.67 of liquid assets available to cover each dollar of current liabilities. This suggests that the company may have had slightly fewer liquid assets relative to its current liabilities in that period.
Looking back over the previous quarters, the quick ratio has generally been around the range of 0.65 to 0.69, displaying a relatively consistent liquidity position. However, there were instances where the quick ratio dropped significantly, such as in March 2023 when it reached 0.00. This could signal potential liquidity challenges as the company may have had inadequate liquid assets to cover its short-term obligations.
It is worth noting that there were periods, such as in the past where the quick ratio was reported as zero or a very low value, possibly due to certain accounting anomalies or adjustments. Consequently, further investigation into the underlying components contributing to these fluctuations in the quick ratio is recommended to gain a more accurate understanding of Performance Food Group Co's liquidity position.
Overall, while the company has generally maintained a quick ratio within a certain range, investors and stakeholders should continue to monitor changes in the quick ratio over time to assess the company's ongoing liquidity health and ability to meet its short-term obligations.
Peer comparison
Sep 30, 2024