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. National Beverage's quick ratio for the quarter that ended in Jan. 2024 was 3.01.
National Beverage has a quick ratio of 3.01. It generally indicates good short-term financial strength.
The historical rank and industry rank for National Beverage's Quick Ratio or its related term are showing as below:
FIZZ'
s Quick Ratio Range Over the Past 10 Years
Min: 1.18 Med: 2.31 Max: 3.55
Current: 3.01
During the past 13 years, National Beverage's highest Quick Ratio was 3.55. The lowest was 1.18. And the median was 2.31.
FIZZ's Quick Ratio is ranked better than 82.73% of 110
companies
in the Beverages - Non-Alcoholic industry
Industry Median: 1.27
vs FIZZ: 3.01
National Beverage Quick Ratio Historical Data
The historical data trend for National Beverage'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 National Beverage's Quick Ratio
For the Beverages - Non-Alcoholic subindustry, National Beverage'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.
National Beverage's Quick Ratio Distribution in the Beverages - Non-Alcoholic Industry
For the Beverages - Non-Alcoholic industry and Consumer Defensive sector, National Beverage's Quick Ratio distribution charts can be found below:
* The bar in red indicates where National Beverage's Quick Ratio falls into.
National Beverage 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.
National Beverage's Quick Ratio for the fiscal year that ended in Apr. 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.
National Beverage (NAS:FIZZ) 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.
National Beverage Quick Ratio Related Terms
Thank you for viewing the detailed overview of National Beverage's Quick Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
National Beverage (National Beverage) Business Description
National Beverage Corp is a non-alcoholic beverage company in the U.S. Its portfolio skews toward functional drinks (that is those purporting to offer health benefits) and is anchored by the popular LaCroix sparkling water trademark. Other offerings include Rip It energy drinks, Everfresh juices, and soda brands like Shasta and Faygo. The firm controls the majority of its production and distribution apparatus, with very little outsourcing. In terms of go-to-market, it uses warehouse distribution for big-box retailers, direct-store delivery for convenience stores and other small outlets, and food-service distributors for the food-service channel (schools, hospitals, restaurants). It is controlled by chairman and CEO Nick Caporella, who owns over 73% of the common stock.
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