SpartanNash Co (SPTN)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Oct 7, 2023 | Sep 30, 2023 | Jul 15, 2023 | Jun 30, 2023 | Apr 22, 2023 | Mar 31, 2023 | Dec 31, 2022 | Oct 8, 2022 | Sep 30, 2022 | Jun 30, 2022 | Apr 23, 2022 | Mar 31, 2022 | Dec 31, 2021 | Oct 9, 2021 | Sep 30, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 21,570 | 17,510 | 25,242 | 18,968 | 17,964 | 17,554 | 17,554 | 16,910 | 16,910 | 16,965 | 16,965 | 29,086 | 18,964 | 18,964 | 21,217 | 16,330 | 16,330 | 10,666 | 24,645 | 24,645 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 695,239 | 701,627 | 643,255 | 608,027 | 659,896 | 682,366 | 682,366 | 670,532 | 670,532 | 634,224 | 634,224 | 704,970 | 702,622 | 702,622 | 704,288 | 661,625 | 661,625 | 655,838 | 702,045 | 702,045 |
| Cash ratio | 0.03 | 0.02 | 0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.03 | 0.03 | 0.03 | 0.02 | 0.02 | 0.02 | 0.04 | 0.04 |
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 analyzed periods, ranging from 0.02 to 0.04. This ratio measures the company's ability to cover its short-term liabilities with its cash and cash equivalents. A cash ratio of 0.02 indicates that SpartanNash has $0.02 of cash and cash equivalents for every $1 of current liabilities, while a ratio of 0.04 implies the company has $0.04 available to cover its short-term obligations.
The trend in the cash ratio suggests that SpartanNash Co's liquidity position has been relatively stable, with the ratio staying within a narrow range over the observed periods. However, it is important to note that a cash ratio of around 0.02 to 0.04 may indicate that the company has limited liquid resources compared to its short-term liabilities.
Overall, while the company has maintained a consistent cash ratio, management should continue to monitor and potentially improve this metric to ensure it has adequate cash on hand to meet its short-term financial obligations.
Peer comparison
Dec 31, 2024