SpartanNash Co (SPTN)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | — | — | — | — | — | 427,275 | — | 426,186 | — | 410,957 | — | — | — | — | — | 395,467 | — | — | — | — |
| 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 |
| Quick ratio | 0.03 | 0.02 | 0.04 | 0.03 | 0.03 | 0.65 | 0.03 | 0.66 | 0.03 | 0.67 | 0.03 | 0.04 | 0.03 | 0.03 | 0.03 | 0.62 | 0.02 | 0.02 | 0.04 | 0.04 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($21,570K
+ $—K
+ $—K)
÷ $695,239K
= 0.03
The quick ratio, also known as the acid-test ratio, measures a company's ability to meet its short-term obligations with its most liquid assets. A quick ratio of less than 1 indicates that the company may have difficulty meeting its short-term obligations.
- SpartanNash Co's quick ratio has fluctuated significantly over the reported periods, with values ranging from 0.02 to 0.67.
- The quick ratio was consistently low, hovering around 0.02 to 0.04 for the majority of the periods, indicating a potential weakness in the company's ability to cover its short-term liabilities with its quick assets.
- However, there were notable spikes in the quick ratio to 0.62, 0.67, and 0.65 in specific periods, suggesting improved liquidity positions during those times.
- The quick ratio improved notably in the later periods compared to the earlier ones, with values of 0.65, 0.66, and 0.67 recorded, indicating a better ability to meet short-term obligations with quick assets.
- Overall, the company's quick ratio has shown volatility, but it is crucial for SpartanNash Co to maintain a healthier quick ratio consistently to ensure financial stability and meet its short-term obligations efficiently.
Peer comparison
Dec 31, 2024