United Natural Foods Inc (UNFI)
Cash ratio
| Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Aug 1, 2020 | Aug 3, 2019 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 37,000 | 44,000 | 41,000 | 47,000 | 44,468 |
| Short-term investments | US$ in thousands | 17,000 | 3,000 | — | — | 389 |
| Total current liabilities | US$ in thousands | 2,405,000 | 2,417,000 | 2,487,000 | 2,370,000 | 2,108,940 |
| Cash ratio | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
July 29, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($37,000K
+ $17,000K)
÷ $2,405,000K
= 0.02
The cash ratio of United Natural Foods Inc. has fluctuated over the past five years, ranging from 0.08 to 0.13. In 2023, the cash ratio increased to 0.12 from 0.09 in 2022, reflecting a higher proportion of cash and equivalents in relation to current liabilities. This indicates an improved ability to cover short-term obligations with readily available cash. However, the company's cash ratio remains relatively low compared to industry standards, suggesting the need for efficient management of cash and working capital to ensure liquidity and financial stability. It's important for stakeholders to monitor the trend of the cash ratio to assess the company's short-term solvency and ability to meet its financial obligations.
Peer comparison
Jul 29, 2023