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United Natural Foods Current Ratio

: 1.56 (As of Jul. 2020)
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The current ratio is a liquidity ratio that measures a company's ability to pay short-term obligations. It is calculated as a company's Total Current Assets divides by its Total Current Liabilities. United Natural Foods's current ratio for the quarter that ended in Jul. 2020 was 1.56.

United Natural Foods has a current ratio of 1.56. It generally indicates good short-term financial strength.

NYSE:UNFI' s Current Ratio Range Over the Past 10 Years
Min: 1.21   Med: 1.71   Max: 2.93
Current: 1.56

1.21
2.93

During the past 13 years, United Natural Foods's highest Current Ratio was 2.93. The lowest was 1.21. And the median was 1.71.

NYSE:UNFI's Current Ratio is ranked higher than
67% of the 284 Companies
in the Retail - Defensive industry.

( Industry Median: 1.24 vs. NYSE:UNFI: 1.56 )

United Natural Foods Current Ratio Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

United Natural Foods Annual Data
Jul11 Jul12 Jul13 Jul14 Jul15 Jul16 Jul17 Jul18 Jul19 Jul20
Current Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.60 2.36 2.56 1.69 1.56

United Natural Foods Quarterly Data
Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19 Apr19 Jul19 Oct19 Jan20 Apr20 Jul20
Current Ratio Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.69 1.69 1.68 1.50 1.56

Competitive Comparison
* 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.


United Natural Foods Current Ratio Distribution

* The bar in red indicates where United Natural Foods's Current Ratio falls into.



United Natural Foods Current Ratio Calculation

The current ratio is mainly used to give an idea of the company's ability to pay back its short-term liabilities with its short-term assets.

United Natural Foods's Current Ratio for the fiscal year that ended in Jul. 2020

Current Ratio (A: Jul. 2020 )=Total Current Assets (A: Jul. 2020 )/Total Current Liabilities (A: Jul. 2020 )
=3704.917/2370.074
=1.56

United Natural Foods's Current Ratio for the quarter that ended in Jul. 2020 is calculated as

Current Ratio (Q: Jul. 2020 )=Total Current Assets (Q: Jul. 2020 )/Total Current Liabilities (Q: Jul. 2020 )
=3704.917/2370.074
=1.56

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


United Natural Foods  (NYSE:UNFI) Current Ratio Explanation

The current ratio can give a sense of the efficiency of a company's operating cycle or its ability to turn its product into cash. Companies that have trouble getting paid on their receivables or have long inventory turnover can run into liquidity problems because they are unable to alleviate their obligations. Because business operations differ in each industry, it is always more useful to compare companies within the same industry.

Acceptable current ratios vary from industry to industry and are generally between 1 and 3 for healthy businesses.

The higher the current ratio, the more capable the company is of paying its obligations. A ratio under 1 suggests that the company would be unable to pay off its obligations if they came due at that point. While this shows the company is not in good financial health, it does not necessarily mean that it will go bankrupt - as there are many ways to access financing - but it is definitely not a good sign.

If all other things were equal, a creditor, who is expecting to be paid in the next 12 months, would consider a high current ratio to be better than a low current ratio, because a high current ratio means that the company is more likely to meet its liabilities which fall due in the next 12 months.


United Natural Foods Current Ratio Related Terms


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