United Natural Foods Inc (UNFI)
Current ratio
| Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Aug 1, 2020 | Aug 3, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,463,000 | 3,797,000 | 3,550,000 | 3,705,000 | 3,558,930 |
| Total current liabilities | US$ in thousands | 2,405,000 | 2,417,000 | 2,487,000 | 2,370,000 | 2,108,940 |
| Current ratio | 1.44 | 1.57 | 1.43 | 1.56 | 1.69 |
July 29, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,463,000K ÷ $2,405,000K
= 1.44
The current ratio of United Natural Foods Inc. has ranged from 1.43 to 1.69 over the past five years. This ratio measures the company's ability to meet its short-term obligations with its current assets. A higher current ratio indicates a stronger position to pay off short-term debts. The current ratio has shown some fluctuation but has generally remained above 1, indicating that the company has had sufficient current assets to cover its current liabilities. Overall, the company has maintained a solid level of liquidity over the years. However, a declining trend in the current ratio should be further investigated to understand the company's ability to meet its short-term obligations in the future.
Peer comparison
Jul 29, 2023