iFresh Inc. Current Ratio

Current Ratio of IFMK for past 10 years: annual, quarterly and twelve month trailing (TTM) including Current Ratio growth rates and interactive chart. The current ratio is a liquidity ratio that measures whether a firm has enough resources to meet its short-term obligations. It is calculated as current assets divided by current liabilities. A ratio below 1 indicates potential trouble for a company, as it doesn't have enough current assets to pay for its short-term liabilities. A ratio above 2 is usually considered healthy.

Highlights and Quick Summary

  • Current Ratio for the quarter ending December 30, 2020 was 0.65 (a 3.05% increase compared to previous quarter)
  • Year-over-year quarterly Current Ratio increased by 96.11%
  • Annual Current Ratio for 2020 was 0.33 (a -30.08% decrease from previous year)
  • Annual Current Ratio for 2019 was 0.47 (a -46.15% decrease from previous year)
  • Annual Current Ratio for 2018 was 0.87 (a 16.45% increase from previous year)
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Historical Current Ratio of iFresh Inc.

Most recent Current Ratioof IFMK including historical data for past 10 years.

Interactive Chart of Current Ratio of iFresh Inc.

iFresh Inc. Current Ratio for the past 10 Years (both Annual and Quarterly)

Year Q1 Q2 Q3 Q4 Fiscal Year
2020 0.65 0.63 0.56 0.33 0.33
2019 0.39 0.39 0.4 0.47 0.47
2018 0.52 0.47 0.47 0.5 0.87
2017 1.4 1.84 1.81 0.75 0.75
2016 65.71 0.77
2015 0.77

Business Profile of iFresh Inc.

Sector: Consumer Defensive
Industry: Grocery Stores
iFresh Inc., through its subsidiaries, operates a network of grocery supermarket chains in the north-eastern United States. It operates through Wholesale and Retail segments. The company provides vegetables, seafood, meat, fruits, snacks, seasonings, and spices, such as peanut oil, cooking wine, vinegar, dark soy sauce, black bean sauce, pepper oil, and chilly oil; tea, condiments, canned goods, flour products, marine food products, candies groceries, traditional Chinese medicine, health products, and dried food; rice and rice products; assortment of noodles, frozen vegetables, frozen dumplings, frozen seafood products, and aquatic products; and cooking utensils. Its brand portfolio includes Family Elephant, Feiyan, Green Acre, Golden Smell, Redolent, and I FRESH. The company also distributes its products to wholesale stores, retail supermarkets, and restaurants. As of August 10, 2020, it operated nine retail supermarkets and two in-house wholesale businesses. The company offers its products through online sales channels and delivery network in suburban areas. iFresh Inc. was founded in 1995 and is headquartered in Long Island City, New York.