Performance Food Group Co (PFGC)
Quick ratio
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 10,700 | 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 |
| Short-term investments | US$ in thousands | — | — | — | — | — | 14,800 | — | — | — | 7,300 | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 2,691,900 | 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 | 4,127,400 | 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 |
| Quick ratio | 0.65 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($10,700K
+ $—K
+ $2,691,900K)
÷ $4,127,400K
= 0.65
Performance Food Group Co's quick ratio has shown significant fluctuations over the past few years. The quick ratio measures the company's ability to meet its short-term obligations with its most liquid assets.
From December 2019 to September 2021, the quick ratio remained very low, indicating a potential liquidity issue for the company during that period. However, from June 2022 onwards, there was a substantial improvement in the quick ratio, reaching above 0.65 consistently, which suggests a strengthening liquidity position for Performance Food Group Co.
The quick ratio exceeding 1 indicates that the company has more than enough liquid assets to cover its short-term liabilities. While Performance Food Group Co's quick ratio has improved significantly in recent quarters, investors and stakeholders should continue to monitor this ratio to ensure that the company maintains a healthy liquidity position in the future.
Peer comparison
Dec 31, 2024