The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Bridgford Foods's quick ratio for the quarter that ended in Jan. 2024 was 2.56.
Bridgford Foods has a quick ratio of 2.56. It generally indicates good short-term financial strength.
The historical rank and industry rank for Bridgford Foods's Quick Ratio or its related term are showing as below:
BRID'
s Quick Ratio Range Over the Past 10 Years
Min: 0.76 Med: 1.62 Max: 2.61
Current: 2.56
During the past 13 years, Bridgford Foods's highest Quick Ratio was 2.61. The lowest was 0.76. And the median was 1.62.
BRID's Quick Ratio is ranked better than 80.9% of 1906
companies
in the Consumer Packaged Goods industry
Industry Median: 1.03
vs BRID: 2.56
Bridgford Foods Quick Ratio Historical Data
The historical data trend for Bridgford Foods's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Bridgford Foods's Quick Ratio
For the Packaged Foods subindustry, Bridgford Foods's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Bridgford Foods's Quick Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, Bridgford Foods's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Bridgford Foods's Quick Ratio falls into.
Bridgford Foods Quick Ratio Calculation
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Bridgford Foods's Quick Ratio for the fiscal year that ended in Oct. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Bridgford Foods (NAS:BRID) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Bridgford Foods Quick Ratio Related Terms
Thank you for viewing the detailed overview of Bridgford Foods's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Bridgford Foods (Bridgford Foods) Business Description
Bridgford Foods Corp manufactures, markets, and distributes frozen and snack food products in the United States. The business segments are processing and distribution of frozen products, and processing and distribution of snack food products. It includes products such as biscuits, bread dough items, roll dough items, dry sausage products, and beef jerky. The company offers frozen food products to the foodservice and retail customers through wholesalers, cooperatives, and distributors; and snack food items to supermarkets, and mass merchandise and convenience retail stores through customer-owned distribution centers, as well as a direct store delivery network. It derives a majority of its revenue from snack food products.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
BRID has been successfully added to your 