US Foods Holding Corp (USFD)
Cash ratio
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | US$ in thousands | 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 | 90,000 | 90,000 | 96,000 | 92,000 |
| Short-term investments | US$ in thousands | 1,000 | 2,000 | — | — | — | — | — | — | 63,000 | — | — | — | — | — | — | — | — | — | — | — |
| Total current liabilities | US$ in thousands | 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 | 2,362,000 | 2,546,000 | 2,216,000 | 2,214,000 |
| Cash ratio | 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 | 0.04 | 0.04 | 0.04 | 0.04 |
December 31, 2023 calculation
Cash ratio = (Cash and cash equivalents + Short-term investments) ÷ Total current liabilities
= ($269,000K
+ $1,000K)
÷ $3,112,000K
= 0.09
The cash ratio for US Foods Holding Corp fluctuated over the past few quarters, ranging from a low of 0.04 to a high of 0.61. The cash ratio measures the company's ability to cover its short-term liabilities with its available cash and cash equivalents. A higher cash ratio indicates a stronger liquidity position, implying that the company has more cash on hand relative to its current liabilities.
In the most recent quarter of December 2023, the cash ratio was 0.09, suggesting that the company may have a moderate ability to meet its short-term obligations with its available cash. However, compared to the previous quarter, the cash ratio decreased slightly from 0.11 in September 2023.
It's important to note that having too high of a cash ratio may imply that the company is not effectively utilizing its cash resources. On the other hand, having too low of a cash ratio may indicate a liquidity risk, where the company may struggle to meet its short-term obligations.
Overall, US Foods Holding Corp should continue to monitor its cash ratio to ensure it maintains an optimal level of liquidity to support its operations and financial health.
Peer comparison
Dec 31, 2023