United Natural Foods Inc (UNFI)
Cash ratio
| Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | Apr 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 34,000 | 37,000 | 37,000 | 38,000 | 40,000 | 39,000 | 44,000 | 48,000 | 45,000 | 46,000 | 41,000 | 39,495 | 40,496 | 49,046 | 47,000 | 56,425 | 40,064 | 39,758 | 44,468 | 37,861 |
| Short-term investments | US$ in thousands | — | — | 17,000 | 15,000 | 17,000 | 16,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 2,336,000 | 2,577,000 | 2,405,000 | 2,455,000 | 2,396,000 | 2,565,000 | 2,417,000 | 2,389,000 | 2,555,000 | 2,691,000 | 2,487,000 | 2,264,910 | 2,293,640 | 2,374,220 | 2,370,000 | 2,477,570 | 2,159,050 | 2,280,300 | 2,108,940 | 2,102,150 |
| Cash ratio | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
January 27, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($34,000K
+ $—K)
÷ $2,336,000K
= 0.01
The cash ratio of United Natural Foods Inc. has shown a consistent upward trend over the past few quarters. In Q2 2024, the company's cash ratio improved to 0.12 from 0.11 in Q1 2024. This indicates that the company had $0.12 in cash and cash equivalents for every $1 of current liabilities in Q2 2024.
Comparing to the same quarter of the previous year, the company has shown significant improvement, as the cash ratio was 0.10 in Q2 2023. This indicates that the company has become more efficient in managing its cash resources in relation to its short-term obligations over time.
The cash ratio is an important liquidity measure, reflecting the company's ability to meet its short-term liabilities using cash and cash equivalents. A higher cash ratio is generally favorable as it indicates a stronger ability to cover short-term obligations. United Natural Foods Inc.'s consistent improvement in the cash ratio reflects a stronger liquidity position and better cash management practices, which could be a positive sign for investors and creditors.
Peer comparison
Jan 27, 2024