US Foods Holding Corp (USFD)
Current 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 4,031,000 | 4,209,000 | 4,082,000 | 4,094,000 | 3,820,000 | 4,298,000 | 4,121,000 | 4,050,000 | 3,594,000 | 4,235,000 | 4,166,000 | 4,084,000 | 3,465,000 | 3,805,000 | 4,422,000 | 3,923,000 | 3,262,000 | 3,560,000 | 3,042,000 | 3,081,000 |
| 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 |
| Current ratio | 1.30 | 1.29 | 1.34 | 1.34 | 1.37 | 1.36 | 1.37 | 1.34 | 1.41 | 1.48 | 1.51 | 1.59 | 1.75 | 1.60 | 1.62 | 1.94 | 1.38 | 1.40 | 1.37 | 1.39 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $4,031,000K ÷ $3,112,000K
= 1.30
The current ratio of US Foods Holding Corp has shown some fluctuations over the past five years, ranging from 1.29 to 1.75. The current ratio measures a company's ability to meet its short-term obligations with its current assets.
In the most recent quarter, as of December 31, 2023, the current ratio stands at 1.30, which indicates that the company has $1.30 in current assets for every $1 in current liabilities. This implies that US Foods Holding Corp may have a slightly lower liquidity position compared to the previous quarter.
Looking at the trend over the past few years, the current ratio has generally been above 1.0, suggesting that the company has had sufficient current assets to cover its current liabilities. However, the decreasing trend in the current ratio from a high of 1.94 in March 2020 to 1.30 in December 2023 may indicate a potential weakening of the company's liquidity position.
It is important for investors and stakeholders to monitor the current ratio over time to assess US Foods Holding Corp's short-term financial health and ability to cover its obligations as they come due.
Peer comparison
Dec 31, 2023