SpartanNash Co (SPTN)
Quick ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 17,964 | 29,086 | 10,666 | 19,903 | 24,172 |
| Short-term investments | US$ in thousands | — | — | — | — | — |
| Receivables | US$ in thousands | 421,859 | 404,016 | 361,686 | 357,564 | 345,320 |
| Total current liabilities | US$ in thousands | 659,896 | 704,970 | 655,838 | 689,554 | 565,134 |
| Quick ratio | 0.67 | 0.61 | 0.57 | 0.55 | 0.65 |
December 31, 2023 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($17,964K
+ $—K
+ $421,859K)
÷ $659,896K
= 0.67
The quick ratio of SpartanNash Co has shown a fluctuating trend over the past five years, ranging from 0.55 to 0.67. This ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio below 1 indicates that the company may have difficulty meeting its short-term liabilities without selling inventory.
The company's quick ratio has improved from 0.55 in 2020 to 0.67 in 2023, indicating a better ability to cover its current liabilities with its quick assets. However, the ratio dipped to 0.57 in 2021 before slightly increasing to 0.61 in 2022.
Overall, SpartanNash Co's quick ratio, although varying, suggests that the company may sometimes face challenges in meeting its short-term obligations without relying on selling inventory. It would be beneficial for the company to consistently monitor and manage its liquidity position to ensure it can meet its financial commitments effectively.
Peer comparison
Dec 31, 2023