Nomad Current Ratio from 2010 to 2024

NOMD Stock  USD 17.60  0.12  0.69%   
Nomad Foods' Current Ratio is decreasing over the years with stable fluctuation. Current Ratio is expected to dwindle to 1.08. Current Ratio is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities. View All Fundamentals
 
Current Ratio  
First Reported
2010-12-31
Previous Quarter
1.13336576
Current Value
1.08
Quarterly Volatility
K
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Nomad Foods financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Nomad Foods' main balance sheet or income statement drivers, such as Depreciation And Amortization of 79.7 M, Interest Expense of 82.6 M or Selling General Administrative of 14.4 M, as well as many indicators such as Price To Sales Ratio of 0.89, Dividend Yield of 0.0 or PTB Ratio of 1.06. Nomad financial statements analysis is a perfect complement when working with Nomad Foods Valuation or Volatility modules.
  
Check out the analysis of Nomad Foods Correlation against competitors.
For information on how to trade Nomad Stock refer to our How to Trade Nomad Stock guide.

Latest Nomad Foods' Current Ratio Growth Pattern

Below is the plot of the Current Ratio of Nomad Foods over the last few years. It is a liquidity ratio that measures a company's ability to pay short-term obligations or those due within one year. It compares a firm's current assets to its current liabilities. Nomad Foods' Current Ratio historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Nomad Foods' overall financial position and show how it may be relating to other accounts over time.
ViewLast Reported 1.07 X10 Years Trend
Pretty Stable
   Current Ratio   
       Timeline  

Nomad Current Ratio Regression Statistics

Arithmetic Mean266.52
Geometric Mean2.62
Coefficient Of Variation384.74
Mean Deviation494.21
Median1.16
Standard Deviation1,025
Sample Variance1.1M
Range4K
R-Value(0.19)
Mean Square Error1.1M
R-Squared0.03
Significance0.51
Slope(42.72)
Total Sum of Squares14.7M

Nomad Current Ratio History

2024 1.08
2023 1.13
2022 1.19
2021 0.96
2020 1.06
2019 1.73
2018 1.12

About Nomad Foods Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Nomad Foods income statement, its balance sheet, and the statement of cash flows. Nomad Foods investors use historical funamental indicators, such as Nomad Foods's Current Ratio, to determine how well the company is positioned to perform in the future. Although Nomad Foods investors may use each financial statement separately, they are all related. The changes in Nomad Foods's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Nomad Foods's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Nomad Foods Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Nomad Foods. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Current Ratio 1.13  1.08 

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Additional Information and Resources on Investing in Nomad Stock

When determining whether Nomad Foods is a strong investment it is important to analyze Nomad Foods' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Nomad Foods' future performance. For an informed investment choice regarding Nomad Stock, refer to the following important reports:
Check out the analysis of Nomad Foods Correlation against competitors.
For information on how to trade Nomad Stock refer to our How to Trade Nomad Stock guide.
You can also try the FinTech Suite module to use AI to screen and filter profitable investment opportunities.
Is Packaged Foods & Meats space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nomad Foods. If investors know Nomad will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nomad Foods listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.11)
Dividend Share
0.275
Earnings Share
1.2
Revenue Per Share
18.201
Quarterly Revenue Growth
0.011
The market value of Nomad Foods is measured differently than its book value, which is the value of Nomad that is recorded on the company's balance sheet. Investors also form their own opinion of Nomad Foods' value that differs from its market value or its book value, called intrinsic value, which is Nomad Foods' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nomad Foods' market value can be influenced by many factors that don't directly affect Nomad Foods' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nomad Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nomad Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nomad Foods' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.