US Foods Holding Corp (USFD)
Cash ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 59,000 | 81,000 | 405,000 | 267,000 | 269,000 | 346,000 | 379,000 | 292,000 | 211,000 | 366,000 | 197,000 | 190,000 | 148,000 | 772,000 | 699,000 | 912,000 | 828,000 | 1,019,000 | 1,668,000 | 1,077,000 |
| Short-term investments | US$ in thousands | — | — | 1,000 | — | 1,000 | 2,000 | — | — | — | — | — | — | 63,000 | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 3,296,000 | 3,469,000 | 3,366,000 | 3,238,000 | 3,112,000 | 3,252,000 | 3,048,000 | 3,052,000 | 2,796,000 | 3,170,000 | 3,016,000 | 3,029,000 | 2,550,000 | 2,852,000 | 2,768,000 | 2,571,000 | 1,982,000 | 2,372,000 | 2,725,000 | 2,027,000 |
| Cash ratio | 0.02 | 0.02 | 0.12 | 0.08 | 0.09 | 0.11 | 0.12 | 0.10 | 0.08 | 0.12 | 0.07 | 0.06 | 0.08 | 0.27 | 0.25 | 0.35 | 0.42 | 0.43 | 0.61 | 0.53 |
December 31, 2024 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($59,000K
+ $—K)
÷ $3,296,000K
= 0.02
The cash ratio of US Foods Holding Corp has fluctuated over the past several years, ranging from a high of 0.61 in June 2020 to a low of 0.02 in both September and December 2024. The ratio measures the company's ability to cover its short-term obligations with its available cash and cash equivalents. A higher cash ratio indicates a stronger ability to pay off liabilities in the short term, while a lower ratio may suggest potential liquidity issues.
The trend in US Foods' cash ratio shows a general decline over the period analyzed, indicating a potential decrease in the company's liquidity position. The ratio fell from 0.61 in June 2020 to 0.02 in December 2024, suggesting a significant reduction in the proportion of cash available to cover short-term obligations. This downward trend could raise concerns about the company's ability to meet its immediate financial obligations using its existing cash resources.
It is important for stakeholders to closely monitor US Foods Holding Corp's cash ratio to assess its liquidity risk and financial health. A consistently low cash ratio may signal a need for the company to improve its cash management practices or seek additional sources of liquidity to ensure its ongoing operational stability.
Peer comparison
Dec 31, 2024