SpartanNash Co (SPTN)
Quick ratio
| Dec 31, 2023 | Oct 7, 2023 | Jul 15, 2023 | Apr 22, 2023 | Dec 31, 2022 | Oct 8, 2022 | Apr 23, 2022 | Dec 31, 2021 | Oct 9, 2021 | Jul 17, 2021 | Apr 24, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jul 11, 2020 | Apr 18, 2020 | Dec 31, 2019 | Oct 5, 2019 | Jul 13, 2019 | Apr 20, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 17,964 | 17,554 | 16,910 | 16,965 | 29,086 | 18,964 | 16,330 | 10,666 | 24,645 | 24,136 | 23,292 | 19,903 | 26,903 | 34,645 | 21,255 | 24,172 | 23,436 | 19,949 | 21,360 | 18,585 |
| Short-term investments | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 421,859 | 427,275 | 426,186 | 410,957 | 404,016 | — | 395,467 | 361,686 | — | — | 346,725 | 357,564 | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 659,896 | 682,366 | 670,532 | 634,224 | 704,970 | 702,622 | 661,625 | 655,838 | 702,045 | 648,547 | 629,008 | 689,554 | 694,582 | 677,372 | 679,382 | 565,134 | 610,969 | 567,750 | 555,105 | 476,451 |
| Quick ratio | 0.67 | 0.65 | 0.66 | 0.67 | 0.61 | 0.03 | 0.62 | 0.57 | 0.04 | 0.04 | 0.59 | 0.55 | 0.04 | 0.05 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
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, also known as the acid-test ratio, measures a company's ability to cover its short-term liabilities with its most liquid assets. A quick ratio of 1 or higher is generally considered healthy, indicating that the company has enough liquid assets to cover its current liabilities.
Looking at the quick ratio trend for SpartanNash Co over the past few years, we observe fluctuations in the ratio. The quick ratio has shown some volatility, with values ranging from as low as 0.03 to as high as 0.67.
The quick ratio was particularly low at certain points, such as in October 2022 and April 2020, where it was close to zero or 0.03. This indicates a potential liquidity concern during those periods, as the company's liquid assets were insufficient to cover its short-term obligations.
On the other hand, the quick ratio improved significantly in certain periods, such as in December 2023 and April 2021, where it reached 0.67 and 0.59, respectively. These higher ratios suggest a better ability to meet short-term liabilities using liquid assets.
Overall, the trend in SpartanNash Co's quick ratio indicates fluctuating levels of liquidity and highlights the importance of closely monitoring the company's ability to maintain a sufficient level of liquid assets relative to its short-term liabilities.
Peer comparison
Dec 31, 2023