SpartanNash Co (SPTN)
Cash ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 21,570 | 17,964 | 29,086 | 10,666 | 19,903 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 695,239 | 659,896 | 704,970 | 655,838 | 689,554 |
| Cash ratio | 0.03 | 0.03 | 0.04 | 0.02 | 0.03 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($21,570K
+ $—K)
÷ $695,239K
= 0.03
The cash ratio of SpartanNash Co has fluctuated over the past five years, ranging from 0.02 to 0.04. The cash ratio indicates the company's ability to cover its short-term liabilities with its cash and cash equivalents. A higher cash ratio is generally preferred as it suggests a stronger liquidity position.
In 2020, SpartanNash Co had a cash ratio of 0.03, which decreased slightly to 0.02 in 2021 before increasing to 0.04 in 2022. The ratio then decreased to 0.03 in 2023 and remained at 0.03 in 2024.
While the cash ratio improved in 2022, the subsequent fluctuations indicate some variability in the company's ability to convert its cash into liquid assets to cover short-term obligations. SpartanNash Co may need to monitor its cash management practices to ensure a more stable liquidity position in the future.
Peer comparison
Dec 31, 2024