United Natural Foods Inc (UNFI)
Quick 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash | US$ in thousands | 40,000 | 39,000 | 34,000 | 37,000 | 37,000 | 38,000 | 40,000 | 39,000 | 44,000 | 48,000 | 45,000 | 46,000 | 41,000 | 39,495 | 40,496 | 49,046 | 47,000 | 56,425 | 40,064 | 39,758 |
| Short-term investments | US$ in thousands | — | 12,000 | 13,000 | 15,000 | 17,000 | 15,000 | 17,000 | 16,000 | 3,000 | — | — | — | — | — | — | — | — | — | 216 | 279 |
| Receivables | US$ in thousands | 991,000 | 1,000,000 | 1,020,000 | 1,039,000 | 908,000 | 1,007,000 | 1,012,000 | 1,377,000 | 1,233,000 | 1,246,000 | 1,257,000 | 1,264,000 | 1,119,000 | — | 1,152,500 | 1,182,270 | 1,139,630 | — | — | — |
| 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 |
| Quick ratio | 0.44 | 0.45 | 0.46 | 0.42 | 0.40 | 0.43 | 0.45 | 0.56 | 0.53 | 0.54 | 0.51 | 0.49 | 0.47 | 0.02 | 0.52 | 0.52 | 0.50 | 0.02 | 0.02 | 0.02 |
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 been fluctuating over the periods provided in the table. The quick ratio measures the company's ability to meet its short-term obligations using its most liquid assets.
The company's quick ratio ranged from a low of 0.02 to a high of 0.56 in the periods shown. A quick ratio of less than 1 indicates that the company may have difficulty meeting its short-term liabilities.
The quick ratio showed an improving trend from 0.40 in July 2023 to 0.56 in October 2022, suggesting the company had more liquid assets to cover its short-term obligations. However, the quick ratio declined to 0.44 in August 2024, which might indicate a potential liquidity concern.
It is important to monitor the fluctuations in the quick ratio to assess the company's liquidity position and its ability to meet its short-term financial obligations effectively.
Peer comparison
Aug 3, 2024