United Natural Foods Inc (UNFI)
Cash ratio
| Aug 3, 2024 | Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Aug 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 40,000 | 37,000 | 44,000 | 41,000 | 47,000 |
| Short-term investments | US$ in thousands | — | 17,000 | 3,000 | — | — |
| Total current liabilities | US$ in thousands | 2,365,000 | 2,405,000 | 2,417,000 | 2,487,000 | 2,370,000 |
| Cash ratio | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
August 3, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($40,000K
+ $—K)
÷ $2,365,000K
= 0.02
The cash ratio of United Natural Foods Inc has remained consistent at 0.02 for the past five years, indicating that the company has $0.02 in cash and cash equivalents for every $1 of current liabilities. This ratio suggests that the company has a low level of liquid assets relative to its short-term obligations. While a consistent cash ratio may indicate stability in the company's ability to meet its immediate financial obligations, the low ratio may also raise concerns about its liquidity position and ability to respond to unexpected financial needs.
Peer comparison
Aug 3, 2024