United Natural Foods Inc (UNFI)
Current ratio
| Aug 3, 2024 | Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Aug 1, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,402,000 | 3,463,000 | 3,797,000 | 3,550,000 | 3,705,000 |
| Total current liabilities | US$ in thousands | 2,365,000 | 2,405,000 | 2,417,000 | 2,487,000 | 2,370,000 |
| Current ratio | 1.44 | 1.44 | 1.57 | 1.43 | 1.56 |
August 3, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,402,000K ÷ $2,365,000K
= 1.44
The current ratio of United Natural Foods Inc has displayed fluctuations over the past five years, ranging from 1.43 to 1.57. As of August 3, 2024, the current ratio stands at 1.44. This indicates that the company has $1.44 in current assets to cover each dollar of current liabilities, suggesting a relatively stable liquidity position. While the current ratio has not shown significant deviation from previous years, it is important to note that the ratio is above 1, indicating that the company can meet its short-term obligations. Overall, the current ratio of United Natural Foods Inc appears to reflect a consistent and satisfactory liquidity position.
Peer comparison
Aug 3, 2024