United Natural Foods Inc (UNFI)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 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 | 3,558,930 | 3,635,100 |
| 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 |
| Current ratio | 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 | 1.69 | 1.73 |
January 27, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,581,000K ÷ $2,336,000K
= 1.53
The current ratio of United Natural Foods Inc. has been fluctuating over the past eight quarters. The ratio has ranged from a low of 1.44 in Q4 2023 to a high of 1.70 in Q1 2023. The current ratio measures the company's ability to cover its short-term liabilities with its current assets, with a ratio above 1 indicating that the company has more current assets than current liabilities.
Overall, the current ratio has generally been above 1.5 over the period analyzed, indicating that United Natural Foods Inc. has had a strong ability to meet its short-term obligations. However, the slight fluctuations in the ratio suggest changes in the company's liquidity position over time. Investors and stakeholders may want to closely monitor these trends to assess the company's short-term financial health.
Peer comparison
Jan 27, 2024