Whole Foods Market (Whole Foods Market) Quick Ratio : 1.29 (As of Jun. 2017)

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What is Whole Foods Market Quick Ratio?

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. Whole Foods Market's quick ratio for the quarter that ended in Jun. 2017 was 1.29.

Whole Foods Market has a quick ratio of 1.29. It generally indicates good short-term financial strength.

The historical rank and industry rank for Whole Foods Market's Quick Ratio or its related term are showing as below:

WFM's Quick Ratio is not ranked ^*
in the Retail - Defensive industry.
Industry Median: 0.89
* Ranked among companies with meaningful Quick Ratio only.

Whole Foods Market Quick Ratio Historical Data

The historical data trend for Whole Foods Market'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.

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Whole Foods Market Quick Ratio Chart

Whole Foods Market Annual Data

Trend

Sep07

Sep08

Sep09

Sep10

Sep11

Sep12

Sep13

Sep14

Sep15

Sep16

Quick Ratio

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1.77

1.44

1.05

0.83

1.09

Whole Foods Market Quarterly Data
	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17
Quick Ratio	Get a 7-Day Free Trial															1.06	1.09	1.10	1.20	1.29

Competitive Comparison of Whole Foods Market's Quick Ratio

For the Grocery Stores subindustry, Whole Foods Market'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.

Whole Foods Market's Quick Ratio Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Whole Foods Market's Quick Ratio distribution charts can be found below:

* The bar in red indicates where Whole Foods Market's Quick Ratio falls into.

Whole Foods Market 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.

Whole Foods Market's Quick Ratio for the fiscal year that ended in Sep. 2016 is calculated as

Quick Ratio (A: Sep. 2016 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(1975	-	517)	/	1341
	=	1.09

Whole Foods Market's Quick Ratio for the quarter that ended in Jun. 2017 is calculated as

Quick Ratio (Q: Jun. 2017 )	=	(Total Current Assets	-	Total Inventories)	/	Total Current Liabilities
	=	(2191	-	483)	/	1324
	=	1.29

Whole Foods Market (NAS:WFM) 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.

Whole Foods Market Quick Ratio Related Terms

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Whole Foods Market (Whole Foods Market) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Whole Foods Market Inc (NAS:WFM) » Definitions » Quick Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.wholefoodsmarket.com

Whole Foods Market is the world's leading retailer of natural and organic foods by units and is the first certified organic grocer in the United States. Whole Foods' only operating segment consists of natural and organic foods supermarkets. As of fiscal 2016, the company had 456 stores in the United States, Canada, and the United Kingdom. The average store size is about 39,000 square feet. About 15% of the company's sales were derived from the sale of private-label products. The company announced a pending acquisition by Amazon in June 2017.

Executives

Scott F Powers	director	STATE STREET CORPORATION, ONE LINCOLN STREET, BOSTON MA 02111
Sharon Mccollam	director	C/O OFFICEMAX INCORPORATED, 263 SHUMAN BLVD., NAPERVILLE IL 60563
Ken C Hicks	director	150 N. ORANGE GROVE BLVD, PASADENA CA 91103
Mary Ellen Coe	director	2000 GALLOPING HILL ROAD, KENILWORTH NJ 07033
Gabrielle Sulzberger	director	450 LEXINGTON AVENUE, FLOOR 13, NEW YORK NY 10017
Glenda J Flanagan	officer: Executive Vice President	550 BOWIE STREET, AUSTIN TX 78703
Joseph D Mansueto	director	C/O MORNINGSTAR, INC., 225 WEST WACKER DRIVE, CHICAGO IL 60606
Robb Walter E Iv	director	550 BOWIE STREET, AUSTIN TX 78703
Ralph Z Sorenson	director	WHOLE FOODS MARKET, INC. 550 BOWIE STREET AUSTIN TX 78703
William A Tindell	director	500 FREEPORT PARKWAY, COPPELL TX 75019
Green Equity Investors V, L.p.	other: See General Remarks.	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Gei Capital V, Llc	other: See General Remarks.	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Green Equity Investors Side V, L.p.	other: See General Remarks.	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Green V Holdings, Llc	other: See General Remarks.	11111 SANTA MONICA BOULEVARD, SUITE 2000, LOS ANGELES CA 90025
Lgp Management Inc	other: See General Remarks.	11111 SANTA MONICA BLVD, STE 2000, LOS ANGELES CA 90025