United Natural Foods Inc (UNFI)
Quick ratio
| Aug 3, 2024 | Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Aug 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 40,000 | 37,000 | 44,000 | 41,000 | 47,000 |
| Short-term investments | US$ in thousands | — | 17,000 | 3,000 | — | — |
| Receivables | US$ in thousands | 991,000 | 908,000 | 1,233,000 | 1,119,000 | 1,139,630 |
| Total current liabilities | US$ in thousands | 2,365,000 | 2,405,000 | 2,417,000 | 2,487,000 | 2,370,000 |
| Quick ratio | 0.44 | 0.40 | 0.53 | 0.47 | 0.50 |
August 3, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($40,000K
+ $—K
+ $991,000K)
÷ $2,365,000K
= 0.44
The quick ratio of United Natural Foods Inc has fluctuated over the past five years, ranging from 0.40 to 0.53. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets. A quick ratio of less than 1 indicates that the company may have difficulty meeting its short-term liabilities with its current assets.
The company's quick ratio of 0.44 as of August 3, 2024, suggests that it has $0.44 of liquid assets available to cover each dollar of its current liabilities. While the ratio has improved from the previous year, it is still relatively low, indicating a potential liquidity risk.
Overall, United Natural Foods Inc should continue to monitor its quick ratio closely to ensure it maintains sufficient liquidity to meet its short-term obligations effectively.
Peer comparison
Aug 3, 2024