US Foods Holding Corp (USFD)
Quick 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 | 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 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,854,000 | 1,900,000 | 1,829,000 | — | 1,700,000 | — | — | — | 1,469,000 | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.68 | 0.69 | 0.72 | 0.10 | 0.68 | 0.12 | 0.07 | 0.06 | 0.66 | 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
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($269,000K
+ $1,000K
+ $1,854,000K)
÷ $3,112,000K
= 0.68
The quick ratio of US Foods Holding Corp has shown significant fluctuations over the past several quarters. 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 current liabilities.
Based on the data provided:
- The quick ratio ranged from a low of 0.04 to a high of 0.72 over the last several quarters.
- There are noticeable instances where the quick ratio was below 1, indicating potential liquidity challenges for the company in those periods.
- The quick ratio improved in the most recent quarter (Dec 31, 2023) compared to the very low value reported in the previous quarter (Mar 31, 2023).
- Overall, the quick ratio has been relatively volatile, suggesting fluctuations in the company's ability to cover its short-term obligations with its liquid assets.
Further analysis and comparison with industry benchmarks and historical trends could provide additional insights into the company's liquidity position and financial health.
Peer comparison
Dec 31, 2023