Yeah, but don't current liabilities always have to be paid off by the end of the year? I'm wondering where JJSF is getting the money to pay off their short term debts when annual operating cash flow is less than the amount they borrow every year. Yeah, they have a strong balance sheet and they can definitely dip into their massive cash reserves to pay off any outstanding accounts, but their cash and current assets have been increasing from year to year so they're probably not doing that, right?
I'm sorry that you are somewhat confused. No, current liabilities need not be paid down to nil at the end of the year. They could use their hoard of cash for acquistions and/or buying back the stock. Either approach could easily add 50 cents per share to EPS.