Simply Good Foods Co (SMPL)
Quick ratio
| Feb 24, 2024 | Nov 25, 2023 | Aug 26, 2023 | May 27, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 25, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 135,876 | 121,391 | 87,715 | 68,794 | 63,207 | 54,144 | 67,494 | 56,720 | 51,469 | 35,447 | 75,345 | 90,173 | 91,307 | 91,476 | 95,847 | 111,134 | 46,115 | 72,711 | 266,341 | 247,618 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 3,644 | — | — | — | — | — |
| Receivables | US$ in thousands | 147,513 | 135,561 | 145,078 | 145,430 | 148,250 | 158,883 | 132,667 | 146,377 | 118,212 | 125,195 | 111,456 | 118,373 | 97,329 | 97,887 | 89,740 | 64,440 | 89,966 | 69,593 | 44,240 | 42,809 |
| Total current liabilities | US$ in thousands | 103,661 | 78,989 | 89,857 | 71,275 | 80,403 | 80,914 | 102,248 | 120,287 | 107,655 | 80,765 | 113,664 | 97,960 | 80,560 | 75,376 | 71,478 | 87,770 | 74,289 | 94,731 | 48,032 | 39,300 |
| Quick ratio | 2.73 | 3.25 | 2.59 | 3.01 | 2.63 | 2.63 | 1.96 | 1.69 | 1.58 | 1.99 | 1.64 | 2.13 | 2.34 | 2.51 | 2.65 | 2.00 | 1.83 | 1.50 | 6.47 | 7.39 |
February 24, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($135,876K
+ $—K
+ $147,513K)
÷ $103,661K
= 2.73
The Quick Ratio of Simply Good Foods Co has displayed fluctuations over the past few quarters, ranging from a low of 1.50 to a high of 7.39. A Quick Ratio above 1 indicates that the company has an adequate level of liquid assets to cover its current liabilities, with a higher ratio suggesting stronger liquidity position.
The Quick Ratio exceeded 2.0 in most periods, indicating a comfortable position in terms of short-term liquidity. However, the decrease in the ratio to 1.50 in the May 2019 quarter may raise concerns about the company's ability to cover its immediate obligations with its most liquid assets.
Overall, the Quick Ratio trend for Simply Good Foods Co signals a generally healthy liquidity position over the observed periods, with occasional fluctuations potentially reflecting changes in the company's operating environment or working capital management strategies.
Peer comparison
Feb 24, 2024