United Natural Foods Inc (UNFI)
Cash ratio
| Aug 3, 2024 | Apr 27, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 40,000 | 39,000 | 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 |
| Short-term investments | US$ in thousands | — | 12,000 | 13,000 | 15,000 | 17,000 | 15,000 | 17,000 | 16,000 | 3,000 | — | — | — | — | — | — | — | — | — | 216 | 279 |
| Total current liabilities | US$ in thousands | 2,365,000 | 2,318,000 | 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 |
| Cash ratio | 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 | 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 constant at 0.02 for the past several quarters, indicating that the company holds $0.02 in cash for every $1 of current liabilities. The consistent cash ratio implies that the company is maintaining a stable level of cash relative to its short-term obligations. However, a cash ratio of 0.02 may be considered low, suggesting that the company may not have a significant amount of cash readily available to cover its short-term liabilities. It is important for United Natural Foods Inc to closely monitor and manage its cash position to ensure liquidity and financial stability.
Peer comparison
Aug 3, 2024