The Cash Ratio measures a company’s ability to meet its short-term obligations with cash and near-cash resources. It is calculated as a company's Cash, Cash Equivalents, Marketable Securities divides by its Total Current Liabilities. John Bnfilippo & Son's Cash Ratio for the quarter that ended in Dec. 2023 was 0.02.
John Bnfilippo & Son has a Cash Ratio of 0.02. It indicates that there are more current liabilities than Cash, Cash Equivalents, Marketable Securities, and the company does not have sufficient cash on hand to pay off its short-term debt.
The historical rank and industry rank for John Bnfilippo & Son's Cash Ratio or its related term are showing as below:
JBSS'
s Cash Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.01 Max: 0.03
Current: 0.02
During the past 13 years, John Bnfilippo & Son's highest Cash Ratio was 0.03. The lowest was 0.01. And the median was 0.01.
JBSS's Cash Ratio is ranked worse than 93.76% of 1844
companies
in the Consumer Packaged Goods industry
Industry Median: 0.39
vs JBSS: 0.02
John Bnfilippo & Son Cash Ratio Historical Data
The historical data trend for John Bnfilippo & Son's Cash 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 John Bnfilippo & Son's Cash Ratio
For the Packaged Foods subindustry, John Bnfilippo & Son's Cash Ratio, along with its competitors' market caps and Cash 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.
John Bnfilippo & Son's Cash Ratio Distribution in the Consumer Packaged Goods Industry
For the Consumer Packaged Goods industry and Consumer Defensive sector, John Bnfilippo & Son's Cash Ratio distribution charts can be found below:
* The bar in red indicates where John Bnfilippo & Son's Cash Ratio falls into.
John Bnfilippo & Son Cash Ratio Calculation
The Cash Ratio measures a company's ability to meet its short-term obligations with its cash and near-cash resources.
John Bnfilippo & Son's Cash Ratio for the fiscal year that ended in Jun. 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.
John Bnfilippo & Son (NAS:JBSS) Cash Ratio Explanation
The cash ratio is more conservative than other liquidity ratios, such as Quick Ratio and Current Ratio, because it only considers a company's most liquid resources. The numerator of cash ratio only considers Cash, Cash Equivalents and marketable securities. Other current assets, such as accounts receivable and inventories, are not included. The rationale is that these assets may require time to be transformed into cash, and the amount of money received is also uncertain.
The cash ratio shows a company’s ability to pay all current liabilities immediately without selling or liquidating other assets. Generally speaking, a higher cash ratio suggests the company has a stronger ability to cover its short-term debt. However, a high cash ratio could also indicate inefficient management: the company is inefficient in making full utilization of cash to invest protential profitable project. It may also suggest that the company is not confident about future profitability.
In general, the higher the cash ratio, the better the company's liquidity position.
John Bnfilippo & Son Cash Ratio Related Terms
Thank you for viewing the detailed overview of John Bnfilippo & Son's Cash Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
John Bnfilippo & Son (John Bnfilippo & Son) Business Description
John B Sanfilippo & Son Inc is one of the processors and distributors of peanuts, pecans, cashews, walnuts, almonds, and other nuts in the United States. These nuts are sold under a variety of private brands and under the Fisher, Orchard Valley Harvest, and Sunshine Country brand names. It also market and distribute, and in the majority of cases, manufacture or process, a diverse product line of food and snack products, including peanut butter, almond butter, cashew butter, candy and confections, snacks and trail mixes, snack bites, sunflower kernels, dried fruit, corn snacks, sesame sticks and other sesame snack products under private brands and brand names.
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