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

Company name
Symbol
Quick ratio
Performance Food Group Co
PFGC
0.67
SpartanNash Co
SPTN
0.67
The Chefs Warehouse Inc
CHEF
1.00
United Natural Foods Inc
UNFI
0.44