United Natural Foods Inc (UNFI)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,402,000 | 3,511,000 | 3,581,000 | 3,957,000 | 3,463,000 | 3,692,000 | 3,741,000 | 4,360,000 | 3,797,000 | 3,980,000 | 3,864,000 | 4,019,000 | 3,550,000 | 3,585,800 | 3,648,690 | 3,940,490 | 3,705,000 | 3,723,470 | 3,619,450 | 3,850,010 |
| 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 |
| Current ratio | 1.44 | 1.51 | 1.53 | 1.54 | 1.44 | 1.50 | 1.56 | 1.70 | 1.57 | 1.67 | 1.51 | 1.49 | 1.43 | 1.58 | 1.59 | 1.66 | 1.56 | 1.50 | 1.68 | 1.69 |
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 shown fluctuations over the past several quarters, ranging from a low of 1.43 to a high of 1.70. The current ratio measures the company's ability to cover its short-term obligations with its current assets, with a ratio above 1 indicating that the company has more current assets than current liabilities.
The current ratio has generally been above 1.5 over the past few quarters, indicating that United Natural Foods Inc has a healthy level of current assets relative to its current liabilities. A current ratio above 1.5 is often considered a good sign of financial health, as it suggests the company is well-positioned to meet its short-term obligations.
While the current ratio has fluctuated slightly, it has consistently remained above 1.4, which is generally considered the minimum acceptable level for most companies. This suggests that United Natural Foods Inc has maintained a strong liquidity position and should be able to cover its short-term liabilities comfortably.
Overall, the current ratio analysis indicates that United Natural Foods Inc has a solid liquidity position, with sufficient current assets to meet its short-term obligations. Investors and stakeholders can take comfort in the company's ability to manage its short-term financial commitments.
Peer comparison
Aug 3, 2024