US Foods Holding Corp (USFD)
Quick 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 | 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 | — | — | — | — | — | — | — |
| Receivables | US$ in thousands | 1,957,000 | 2,065,000 | 1,976,000 | 1,966,000 | 1,854,000 | 1,900,000 | 1,829,000 | — | 1,700,000 | — | — | — | 1,469,000 | — | — | — | — | — | — | — |
| 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 |
| Quick ratio | 0.61 | 0.62 | 0.71 | 0.69 | 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 |
December 31, 2024 calculation
Quick ratio = (Cash + Short-term investments + Receivables) ÷ Total current liabilities
= ($59,000K
+ $—K
+ $1,957,000K)
÷ $3,296,000K
= 0.61
The quick ratio of US Foods Holding Corp has shown some fluctuations over the past few years. The ratio has generally been below 1, indicating that the company may have difficulty meeting its short-term obligations with its most liquid assets.
From March 31, 2020, to September 30, 2021, the quick ratio ranged from 0.25 to 0.61, showing some volatility in the company's ability to cover its current liabilities without relying on inventory.
There was a significant dip in the quick ratio from March 31, 2021, to June 30, 2022, where it dropped to as low as 0.06, suggesting potential liquidity challenges during that period.
However, the quick ratio improved from December 31, 2022, onwards, reaching as high as 0.72 by June 30, 2023, indicating a stronger ability to cover short-term obligations with liquid assets.
Overall, the quick ratio of US Foods Holding Corp has displayed variability, and investors may want to further investigate the factors contributing to these fluctuations to understand the company's liquidity position better.
Peer comparison
Dec 31, 2024